17:25 - 20.09.2023

---

September 20, Fineko/abc.az. AzerGold's sales decreased in the 1st half of 2023, ABC.AZ informs with reference to AzerGold’s audit report for the half-year.

The above-said report notes that the company did not complete the half-year at a loss because of an increase in cost.

For the first 6 months of 2023, the state-owned company received total revenue of $40.36 million ($7.74 million or 16% less versus Jan-Jun 2022).

Company's sales decreased by $5.53 million, or 21% year-on-year, and totaled $32.32 million.

AzerGold ended the 1st half of 2023 with net loss of $1.17 million. However, in the 1st half of 2022, the net profit was $11.21 million.