Sumqayıt Aşqarlar suffered losses last year - Report

12:22 - 7.05.2024


May 7, Fineko/abc.az. Sumqayıt Aşqarlar OJSC completed 2023 with a loss of 155,000 manats.

In 2022, company's loss amounted to 209,000 (26% less than a year earlier).

ABC.AZ reports with reference to company’s financial statements that for the reported term its total assets fell from 6.996 million manats to 6.914 million manats, total liabilities grew from 7.378 million manats to 7.451 million manats.

The additive manufacturing plant in Sumgait produced its first products in 1960, and in 1966 an independent Sumqayıt Aşqarlar plant was established on its basis. And Sumqayıt Aşqarlar OJSC, which is the legal successor of the plant, was established in 2004. Its authorized capital is 596,004 manats. The legal representative is Rasim Dadashev.