Azerenerji suffered a big loss

15:29 - 5.02.2021


February 5, Fineko/abc.az. The accumulated loss of Azerenerji has exceeded AZN 2.5 bn.

Azerenergy ended 2019 with loss of AZN 228.998 million.

ABC.AZ reports that this is 24.7% less than in 2018.

At that, the accumulated loss grew by 8.9% up to AZN 2.54 bn.

As of 1 January 2020 Azerenergy's assets amounted to AZN 3.9 bn (5.6% more than a year earlier). Company's liabilities grew by 0.7% up to AZN 2.54 bn, and its balance sheet capital by 16.2% up to AZN 1.378 bn.

Azerenerji was established in 1997. Its authorized capital is AZN 1.76 bn. The shares of the electric supplier company are 100% owned by the state. Azerenerji is the main producer and exporter of energy in the country.

 

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