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Azerbaijani investment company discloses projected net profit for 2021

Economy Materials 2 December 2021 18:18 (UTC +04:00)
Azerbaijani investment company discloses projected net profit for 2021

BAKU, Azerbaijan, Dec. 2

By Sadraddin Aghjayev - Trend:

The financial indicators of Azerbaijan's AzFinance Investment Company exceed the forecasts and the company plans to receive profit worth about one million manat ($588,235) by the end of this year, Director of the company Intigam Safaraliyev said in an interview with Trend.

Safaraliyev said that the company plans to further expand cooperation with local issuers and establish interaction with about 20 organizations.

“We will bring the bonds of these issuers to the Azerbaijani market within the cooperation,” the director of the company added. “At the same time, the company plans to attract investments for these issuers to improve their financial position in the local market.”

The director of the company said that the company also plans to choose the real sector of the economy as it is greatly supported by the state.

“Moreover, we will need additional investments in the post-COVID-19 pandemic period,” Safaraliyev said. “For this purpose, we plan to arouse investors’ interest with more favorable interest rates.”

“We have also registered our bonds at the exchange and are working with the securities of two banks,” the director of the company added. “I think that the bonds of two more banks will be placed at the Baku Stock Exchange until the end of this year.”

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