12:29 - 3.06.2024

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June 3, Fineko/abc.az. Significant impact on net profit was caused by an increase in a number of expenses of investment company PSG Kapital OJSC against the background of lower revenues.

ABC.AZ informs with reference to company’s annual audit report that in 2023 net profit reached 738,000 manats against 1.956 million manats of total revenue.

The revenue of the investment company decreased by 6% compared with 2022. Company's interest income lowered by 14% to 719,000 manats, income from investment advice fell by 35% to 240,000 manats, income from asset management declined by 68% to 150,000 manats.

In 2023, the expenses on conducted operations amounted to about 330,000 manats.