Azerbaijan’s investment company BTB Kapital completes 2018 with loss
Baku, Azerbaijan, Aug. 29
By Eldar Janashvili – Trend:
Azerbaijan’s investment company BTB Kapital completed 2018 with a net annual loss of 50,900 manats, Trend reports referring to the organization’s audit report.
The company’s operating loss amounted to 76,800 manats and was generated from operating income in the amount of 12,300 manats and staff costs in the amount of 68,900 manats, as well as general and administrative expenses of BTB Kapital in the amount of 20,200 manats.
Interest income of the company amounted to 13,300 manats. The company had no interest expenses for the reporting period.
The investment company OJSC BTB Kapital was established Feb. 15, 2018 with an authorized capital of 350,000 manats.
Bank BTB has been operating in Azerbaijan since 2010.
($1= 1.7 manats on Aug. 29)
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