AzeSteelCompany suffers losses for nearly AZN 2 million

17:45 - 5.10.2023


October 5, Fineko/abc.az. AzeSteelCompany OJSC, engaged in the production of metal products and industrial gases, including valves, completed 2022 with loss of AZN 1.806 million.

ABC.AZ informs that this is stated in company's annual report.

The company made profit of AZN 298,000 for 2021.

Last year, its total revenues reached AZN 20.59 million. The cost of sales - AZN 19.928 million and administrative expenses - AZN 1.442 million.

Total assets of the company for the reported term reached AZN 20.393 million, total capital — AZN 8.105 million, total liabilities — AZN 12.288 million.