14:48 - 2.06.2025

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June 2, Fineko/abc.az. The net loss of investment companyCFO Financial CJSC, which finished 2023 with net profit of 463,800 manats, totaled 971,500 manats in 2024.

ABC.AZ reports that as a result, company’s overall earnings decreased more than by 75% against 2023.

So, if in 2023 revenues amounted to 760,090 manats, then in 2024 this figure fell to 191,200 manats. Income from consulting services lowered from 217,500 manats to 100,200 manats, and income from portfolio management - from 489,800 manats to 53,000 manats.

Although total expenses dropped from 1.99 million in 2023 to 874,600 manats in 2024, this could not prevent losses amid declining revenues. The operating loss reached 874,600 manats, which is more than double the operating loss of 339,200 manats in 2023.