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Azerbaijani leasing company preparing to meeting of shareholders

Business Materials 13 May 2009 18:36 (UTC +04:00)

Azerbaijan, Baku, May 13 / Trend , U.Ismayilova/

The next meeting of the Azerbaijani leasing company Ata Leasing will be held on June 16. 

Shareholders' meeting will be mainly devoted to discussing company's activity in 2008. Shareholders will deliver reports on management and the Supervisory Board of Ata Leasing as for 2008. The balance sheet, accounts of profits and losses, distribution of profits and damages will also be approved.

Ata Leasing's 2008-portfolio increased to 1 million manat to 3.5 million manats and the annual increase totaled 40 percent. Company's incomes increased by 39 percent to 945,700 manats, and profit ups 89 percent to 341,000 manats. Company's net profit hits 270,000 manats in 2008.

The Ata Leasing was founded by AtaHoldinq and AtaBank leasing companies and is operating since 2004. Company's authorized capital is 1 million manat.

On May 13, the official exchange rate is 0.8034 manat to $1.

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