11:26 - 2.07.2024

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July 2, Fineko/abc.az. The Baku-Tbilisi-Ceyhan oil pipeline company (BTC Co.) completed 2023 with net profit of 12 million manats or $7 million. In the previous year, company's net profit amounted to 124 million manats.

ABC.AZ reports that last year the company received revenue of 1.5 billion mantas (21 percent more than a year earlier).

In 2022, BTC Co.'s revenue totaled 829 million manats.

Company's cost of sales reached 528 million manats, and general administrative expenses - 343 million manats.

The company's net assets at the end of 2023 amounted to 11.819 bn mantas (76% more than in 2022 – 6.73 bn manats).

SOCAR's ownership share in this company is 25%.