NBCO Azəri Star Mikromaliyyə is at a loss again — Report

10:33 - 6.05.2024


May 6, Fineko/abc.az. Azəri Star Mikromaliyyə LLC has published financial statements for 2023.

ABC.AZ reports that the NBCO ended 2023 with net loss of 41,800 manats.

And in 2022, the loss reached 54,400 manats. The NBCO did not pay income tax for the reported term.

Azəri Star Mikromaliyyə earned 38,000 manats in 2023. And in 2022, revenues totaled 15,500 manats.

Last year, NBCO's assets increased by 27,200 manats or 10.8% to 278,500 manats, and liabilities by 10,400 manats or 3.1-fold up to 15,300 manats.

And the balance sheet capital was 263,200 manats.

However, NBCO's authorized capital dropped by 305,000 manats, or 2-fold.

The accumulated loss grew by 42,000 manats or by 6.7% up to 666,000 manats.