Shahdag tourism center’s loss increased by 37% in 2022

11:48 - 19.06.2023


June 19, Fineko/abc.az. Shahdag Tourism Center CJSC, owned by the State Tourism Agency, completed 2022 with loss of AZN 8.688 million (37% more than in 2021), ABC.AZ reports with reference to center’s financial report.

As a result, the accumulated loss of the state-owned company grew by 9.8% and reached AZN 97.177 million.

As of January 1, 2023, company's assets amounted to AZN 302.204 million (3.1% less year-on-year). Center’s liabilities decreased by 37.3% to AZN 1.874 million and the balance sheet capital by 2.8% to AZN 300.33 million.