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Bravo is at a big loss – company's debts have grown

14.10.2021,17:51


October 14, Fineko/abc.az. Azərbaycan Supermarket, which owns brand ‘Bravo’, has completed the last 3 years with a big loss.

ABC.AZ reports that over the past 3 years its earnings have more than doubled.

So, if in 2018 the income of Azərbaycan Supermarket amounted to AZN 232.3 million, in 2019 it was equal to AZN 401.7 million, and in 2020 – AZN 513 million.

Despite this, the company ended all 3 years with losses. Bravo's losses in 2018 amounted to AZN 43.6 million, in 2019 – AZN 41.8 million, and in 2020 – about AZN 47 million.

During this period company's debts also increased. If in 2018 company's liabilities reached AZN 151.4 million, in 2019 – AZN 272.9 million, and in 2020 – AZN 379.3 million.