Azeryashlandshaft finished last year with loss


September 17, Fineko/abc.az. Azeryashlandshaft OJSC, owned by the Ministry of Ecology & Natural Resources of Azerbaijan, completed 2020 with net loss of AZN 23.6 million. While 2019 was completed by the company with net profit of AZN 2.177 million.

ABC.AZ reports that in 2020 Company's earnings totaled AZN 9.735 million (21% less against 2019), expenditures AZN 8.898 million (decrease of 4.8%), losses due to dependent and joint ventures AZN 24.454 million (last year there was income), and income tax payments AZN 3,000 (last year it was not paid).

As of 1 January 2021 the assets of Azeryashlandshaft amounted to AZN 60.559 million (29.7% less year-on-year).

For the reporting period company's liabilities decreased by AZN 3,000, and the balance sheet capital by 28.1% to AZN 60.555 million.

Azeryashlandshaft was established in accordance with the presidential decree from 13 June 2008. Its authorized capital is AZN 4 million.