Azerbaijani Pasha Capital company's profit up
Baku, Azerbaijan, Aug. 28
By Eldar Janashvili – Trend:
The Azerbaijani investment company Pasha Capital completed 2018 with the net profit worth 506,300 manats, Trend reports on Aug. 28 referring to the organization’s audit report.
The company completed 2017 with the profit worth 313,400 manats. The company’s profit greatly increased by 61.5 percent for the year.
According to the audit report, the company’s operating profit increased by 32 percent. For comparison, the company completed 2017 with the operating profit worth 440,600 manats.
Its volume amounted to 582,400 manats and was generated through commission income in the amount of 772,000 manats (an increase for the year - 42 percent), staff expenses in the amount of 58,500 manats (an increase of almost 2.5 times for the year) and other expenses in the amount of 131,200 manats (an increase of 64.8 percent for the year).
The volume of the company’s interest income amounted to 49,000 manats. The amount of the company’s income tax amounted to 125,000 manats.
(1 USD = 1.7 AZN on Aug. 28)
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