Baku Champagne Factory suffered loss last year


May 6, Fineko/abc.az. Baku Champagne Factory completed 2020 with loss of AZN 77,000. In 2019 the enterprise made net profit of AZN 6,000.

ABC.AZ reports that last year the operating income of the Baku Champagne Factory amounted to AZN 157,000 (16.6% more), commercial expenses AZN 5,000 (2.9-fold less), administrative expenses AZN 59,000 (4.9-fold more), operating expenses AZN 169,000 (11.9% more).

As of 1 January of this year the assets of the Baku Champagne Factory totaled AZN 7.467 million (0.8% more than a year ago). For the reporting period Factory’s the liabilities increased by 22.4% up to AZN 753,000, while the balance sheet capital decreased by 1.1% to AZN 6.714 million.