AtaLizinq Announces Financial Results for First Quarter of 2007
Azerbaijan, Baku / Trend corr. S.Babayeva / AtaLizinq Plc announced financial results for the first quarter of 2007. The profit of the company was AZN 75,317,001 for 30 June as compared to the forecasted AZN 50,424,006. The company reported that the implementation of the budget has been realized by $149,004. Total benefits of the company comprised AZN 278,650,008, total expenditures AZN 203,333,008, and clear benefits AZN 75,317,001 within six months.
Within this period, the company concluded thirty-five leasing contracts and financing sum by AtaLizinq on these contracts made up AZN 2,060,000.
The leasing portfolio of the company increased by AZN 993,000 and made up AZN 286,266 from the beginning of the year.
A total of 83% of the company's portfolio is based in Baku, and 17% on other regions, including Sumgayit -10%, Mingachevir - 4%, Yardimli - 1%, Аgstafa - 1%, Barda - 1%, Ismayilli - 0.5% and other regions.
The main composition of the technical portfolio of the company includes transport - 14%, industry production - 17%, sale of concrete - 12%, road infrastructure - 11%, building - 13%, food industry -9%, municipal economy - 8%, trade -7%, construction of buildings - 5% and other sectors - 4%.
AtaLizinq Plc will broaden its functioning and new leasing projects in 2008.