11:06 - 31.01.2024

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January 31, Fineko/abc.az. Azerelektroterm OJSC has published financial statements for 2022.

The net profit of Azerelektroterm OJSC in 2022 amounted to 89,700 manats, ABC.AZ informs with reference to company's financial report. This is 5,500 manats or 5.8% less than a year earlier. In 2021, the company made net profit of 95,200 manats. The company paid 22,400 manats of income tax.

Azerelektroterm's core operating income dropped by 21,400 manats or 7.5% compared with the previous year to 264,000 manats, and the cost of sales declined by 14,200 manats or 10.6% to 119,300 manats.

The total revenue and operating profit of the company for this period reached 144,700 manats (7,000 manats or 4.7% less than a year earlier).

In 2022, company’s total assets amounted to 11.847 million manats. The shares increased by 50,000 manats or 0.4% in 2021.