17:51 - 3.08.2023

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August 3, Fineko/abc.az. Azerenergy OJSC completed 2022 with net profit of AZN 436.506 million. 

ABC.AZ reports that the state-owned company finished 2021 with net profit of AZN 147.227 million.
So, last year, net profit almost tripled, or grew by AZN 289.279 million. The increase in net profit occurs due to an increase of income. 

Azerenergy's earnings from sales increased from AZN 1.28 bn in 2021 up to AZN 1.84 bn in 2022 (a rise of AZN 559.65 bn or 43.7%).

Last year, company’s accumulated loss decreased by AZN 436.506 million to AZN 2.16 bn. 
In 2022, total assets grew by AZN 374.677 million or by 9% up to AZN 4.522 bn. 
As of December 31, 2022, company’s long-term and short-term credit debt totaled AZN 1.172 bn (at the end of 2021 – AZN 1.332 bn).