12:35 - 23.06.2023

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June 23, Fineko/abc.az. Ekol Engineering Services CJSC completed 2022 with net profit of AZN 1.856 million, ABC.AZ informs with reference to company's report.

For comparison, the company finished 2021 with net profit of AZN 6.738 million. So, last year Ekol’s net profit declined 3.6-fold. The decrease in net profit is associated with an increase in costs and expenses relative to income.

Company's income grew from AZN 33.248 million in 2021 up to AZN 40.905 million in 2022 (a rise of AZN 7.657 million).

Ekol’s expenses increased exponentially against the increase in revenue. Annual expenses and costs grew by AZN 12.98 million from AZN 23.688 million in 2021 up to AZN 36.67 million in 2022. Including salary expenses increased by AZN 7.1 million.