AzFinance has published a report — Profit declined

11:24 - 3.06.2024


June 3, Fineko/abc.az. The earnings of investment company AzFinance CJSC in 2023 differ from income for previous years. So, if so far the investment company has received more income from asset management, then in 2023 this figure has fallen sharply.

ABC.AZ reports that for example, if in 2022 the company received 1.27 million manats from asset management, then in 2023 this figure fell by 52% to 489,000 manats. Company's income from asset management in 2020 amounted to 1.144 million manats, and in 2022 — 1.158 million manats.

The volume of debt securities in company's investment portfolio has increased from 795,000 manats up to 2.38 million manats over the past year. With the help of this tool, the company received 1.1 million manats of interest income, more than doubling compared to 2023.