12:46 - 18.06.2025

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June 18, Fineko/abc.az. The Seaside Boulevard Department completed 2024 with profit of 3.209 million manats (25.6-fold more than in 2023), ABC.AZ informs, referring to company's financial report.

Last year, Department’s main operating income amounted to 5.715 million manats (3.45-fold less versus the previous year), other operating income - 16.895 million manats (no such income previous year), the cost of materials used - 825,000 manats (no such income previous year), human resource costs - 14.041 million manats (18.9% more), depreciation and amortisation costs - 1.442 million manats (16.4% less), other operating expenses - 3.024 million manats (15% less), other operating expenses - 30,000 manats (8-fold more), and income tax payments amounted to 38,000 manats (there were no payments in the previous year).

As of January 1, 2025, the assets of the Seaside Boulevard Department totaled 214.835 million manats (42.5% less year-on-year). During the reported term, organization's liabilities increased by 1% to 24.277 million manats, while the balance sheet capital decreased by 45.4% to 190.557 million manats.