11:05 - 11.08.2026

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August 11, Fineko/abc.az. Qala Sığorta OJSC concluded the first half of 2026 with a net profit of AZN 2.891 million, representing a 47.65% decline compared to the same period last year.

According to the company's financial report, total revenues in January-June fell by 19.3% year-on-year to AZN 37.828 million, expenses decreased by 13.05% to AZN 33.405 million, and corporate income tax payments dropped by 47.65% to AZN 885,000.

Balance Sheet Highlights:

• Total Assets: Stand at AZN 89.671 million as of July 1 (down 7.2% YoY).

• Total Liabilities: Decreased by 10.55% to AZN 64.916 million.

• Total Equity: Rose by 2.95% to AZN 24.754 million.

Qala Sığorta was established on the foundation of Chartis Azerbaijan, which operated in the country since 1999. The company's charter capital stands at AZN 10.018 million.