11:00 - 7.07.2025

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July 7, Fineko/abc.az. Azersun Holding LLC and its subsidiaries significantly weakened compared with the previous year, generating net profit of 43.97 million manats in 2024. While in 2023, the net profit of the holding amounted to 58.31 million manats.

ABC.AZ reports, referring to holding’s financial statements, that thus the retained earnings totaled 684.8 million manats.

The group's overall earnings for 2024 reached 1.66 billion manats. This figure declined by 8.25% or by 149.5 million manats compared with 1.81 billion manats in 2023.

The cost of sales in 2024 totaled 1.213 billion manats, and in 2023 - 1.347 billion manats. This means a drop of 133.8 million manats or 9.93%. Due to the further cost reduction, the total profit amounted to 447.4 million manats (3.4% less than in the previous year).

Profit before tax as a result of operating expenses and other impacts reached 73.4 million manats (15.5% less than 86.9 million manats in 2023).