10:43 - 16.09.2026
September 16, Fineko/abc.az. Electrify Azerbaijan LLC, a member of Sarda Group and the official distributor of Chinese automobile brand BYD in Azerbaijan, has released the financial figures for 2025.
Despite the fact that company's earnings from sales declined by 14.8% (from 87.8 million manats to 74.8 million manats), its net profit jumped by 970.4% - from 449,600 manats up to 4.8 million manats.
The sharp increase in profitability was influenced by a 21.1% reduction in the cost of sales to 68.1 million manats. As a result, the gross profit reached 6.6 million manats and the operating profit - 5.3 million manats. By the end of the year, group's retained earnings amounted to 5.1 million manats.
Company's administrative expenses increased up to 1.3 million manats, while financial expenses dropped to 327,800 manats.
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