11:35 - 2.07.2025

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July 2, Fineko/abc.az. AzInTelecom LLC is marking today the 10th anniversary of its founding.

ABC.AZ studied the activities of this state-owned company for the past years.

Thus, the company ended 2023 with profit of 25.379 million manats. This means that compared with 2022, company's profit will decrease by about 6.1-fold.

Compared with 2022, company's management costs grew by 42% in 2023, loan losses 25.6-fold, and impairment of intangible assets 2.5-fold. This shows that, despite the growth in revenue, a significant increase in various expenses exceeded profits. As of January 1, 2024, company's assets amounted to 1.485 billion. manats, liabilities - 398.8 million manats, balance sheet capital - 1.086 billion. manats. This indicates a stable capital structure and positive financial stability, with most of the assets funded by equity.

By Elmir Murad