National Center for Nuclear Research suffered heavy losses


April 26, Fineko/abc.az. The National Center for Nuclear Research under the Ministry of Transport, Communications & High Technologies, completed 2020 with loss of AZN 1.778 million (4.35% more versus 2019), ABC.AZ reports.

At that, company's total loss increased by 20.7% up to AZN 10.367 million.

Last year, Center’s earnings from sales amounted to AZN 24,000 (about 14% more versus the annual figure), the cost of sales AZN 1.028 million (5.1% more), general & administrative expenses AZN 773,000 (3.5% more). As of 1 January of this year Center's assets totaled AZN 6.97 million (0.6% less than a year ago). Over the reporting period the organization's liabilities grew by 53.2% up to AZN 668,000, and the balance sheet capital, despite additional capital investments, decreased by 4.2% to AZN 6.3 million.