In 2020 AzerGold increased its net profit more than 4-fold


July 29, Fineko/abc.az. AzerGold’s net profit amounted to AZN 99.7 million at the end of 2020, ABC.AZ reports citing company’s chair Zakir Ibragimov as saying this in an interview for Real TV.

“By the end of 2020 we managed to increase the net profit of AzerGold more than by 4 times compared with 2019 (by 4.7 times – AZN 99.7 million). The main reason for this growth is that gold increased in price last year and reached a historically high level in the context of the coronavirus pandemic. We have made use the most of the high gold prices," Ibragimov said.