17:26 - 4.10.2023

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October 4, Fineko/abc.az. Silk Way West Airlines LLC, part of Silk Way Holding, received revenue in the 1st quarter of 2023 in the amount of AZN 816.37 million (AZN 968.59 million, or 54% less versus Q1 of 2022), ABC.AZ informs with a link to the airline's report.

Company's revenue fell by 20% versus last year, amounting to AZN 787.77 million.

The sharp drop in company's revenue had an important impact on its net profit. If for the corresponding period of 2022 the net profit amounted to AZN 602.31 million, then for the same period of 2023 this figure reached AZN 10.09 million.

Silk Way West Airlines LLC has AZN 1.6 billion of retained earnings on its capital balance.