17:34 - 8.07.2024

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July 8, Fineko/abc.az. Agricultural Innovations & Supply Company OJSC (Aqrar Innovasiya və Təchizat Şirkəti OJSC ) has published the financial position for 2023.

ABC.AZ reports that the past year has been difficult from financial angle for the company.

The company, which received net profit of 58,000 manats in 2022, suffered loss of 1.82 million manats in 2023.

Company's operating income in 2023 amounted to 35.956 million manats (1.59 million manats or 4.6% more than in 2022).

The cost of sales reached 29.305 million manats (2.36 million manats or 8.8% more than in the last year).

At that, the total profit, having decreased by 770,000 manats or 10.4%, amounted to 6.65 million manats.

In annual comparison, commercial expenses increased by 1.365 million manats (54%), administrative expenses decreased by 305,000 manats (6.5%), other operating expenses grew by 67,900 manats (50.8%), financial expenses decreased by 55,000 manats (19%), income taxes increased by 900 manats (18%).

The company had total assets of 19.9 million manats last year. Assets have decreased by 4.29 million manats or by 18.4% over the past year.