Net profit of Azerbaijan's largest airline halved

16:54 - 26.01.2024


January 26, Fineko/abc.az. ASG Helicopter Services LLC, a company transporting passengers by helicopter in Azerbaijan, received a lower net profit in 2022 than a year earlier.

ABC.AZ reports that the total revenue of the airline for 2022 amounted to 88.14 million mantas (6% higher than in 2021).

Thus, ASG Helicopter Services received net profit of 9.88 million manats in 2022 after the difference in other income and expenses. In 2021, this indicator reached 20.04 million manats.

After this net profit, retained earnings in the amount of 101.25 million manats remain on the airline's capital balance sheet.

ASG Helicopter Services LLC was established in 2008 and has authorized capital of 34.31 million manats. The shareholder is individual Teymur Mammadov. He bought the company from Silk WAY Development LLC in 2019.