12:42 - 5.10.2023

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October 5, Fineko/abc.az. Baki Fahlasi Machinebuilding Plant OJSC (BFMZ), engaged in development and maintenance of oil and gas, petrochemical industrial equipment in Azerbaijan, reduced earnings and increased expenses in 2022.

ABC.AZ informs with reference to BFMZ annual audit report that its income for 2022 amounted to AZN 1.817 million (decline of 0.5% year-on-year) and for 2021 - AZN 1.828 million.

Company's expenses have grown, while its revenues decreased. Thus, in 2022, earnings increased by 3% versus 2022 up to AZN 1.73 million.

BFMZ is an enterprise specializing in the production of oil-producing equipment, as well as consumer goods.

Thus, net profit in 2021 in the amount of AZN 149,000 decreased to AZN 86,700 in 2022.