This plant ended 2020 with loss


June 11, Fineko/abc.az. Mashinostroitelny Zavod named after Bunyad Sardarov finished 2020 with loss of AZN 407,000.

ABC.AZ reports that since 2019 the plant completed with profit of AZN 87,000.

Last year, the joint-stock company received income of AZN 738,000 (2.1-fold less than a year earlier). The expenses of the organization for the reporting period decreased by 21% to AZN 1.145 million.

As of 1 January 2021 the assets of Mashinostroitelny Zavod n.a. Bunyad Sardarov totaled AZN 18.498 million (0.2% less than a year ago).

In particular, the plant's liabilities decreased by 0.7% to AZN 5.776 million, while the balance sheet capital remained unchanged – AZN 12.723 million.