Revenues of Azerbaijan’s postal operator increase

Business Materials 3 June 2019 16:46 (UTC +04:00)

Baku, Azerbaijan, June 3

By Kheyraddin Nasirzade - Trend:

Revenues of Azerbaijan’s postal operator Azerpoct LLC amounted to 47.12 million manats in 2018, which is 2.4 percent more than in 2017, Trend reports with reference to the company.

In the income structure, the main operating income amounted to 46.12 million manats. The remaining 1 million manats was formed at the expense of revenues from funds allocated by the state budget.

The total expenditure of the company amounted to 47.45 million manats. In the expenditure structure, about 2.66 million manats accounted for used materials.

The expenditure for working personnel amounted to 23.01 million manats. Depreciation expenses amounted to 6.49 million manats. Other operating expenses amounted to 14.99 million manats. Financial costs amounted to 308,100 manats.

The capitalization work carried out by the company for the reporting period amounted to 1.23 million manats.

(1 USD = 1.7 AZN on June 3)


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