15:41 - 5.08.2024

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August 5, Fineko/abc.az. The Karabakh Revival Fund finished 2023 with net profit of 240.55 million manats (29.8% less than in 2022).

ABC.AZ reports that last year Fund’s income from donations amounted to 206.486 million manats (34.3% less than a year earlier), financial income - 47.196 million manats (37% more), general, administrative and other operating expenses - 3.628 million manats (32.6% more), impairment losses – 397,000 manats (income for the previous year), financial income – 293,000 manats of expenses), and income tax payments - 9.397 million manats (38.3% more).

As of January 1, 2024, KRF assets totaled 1.477 billion manats (19.3% more than in the previous year). Fund's liabilities decreased by 27% to 4,353 million manats, and the balance sheet capital grew by 19.5% up to 1.47 billion manats.