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Azerbaijan's El Logistics Group ends 2021 with profit

Finance Materials 14 April 2022 13:15 (UTC +04:00)
Azerbaijan's El Logistics Group ends 2021 with profit
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 14. The net profit of Azerbaijan’s El Logistics Group LLC, an official freight agent of Azerbaijan Railways CJSC, amounted to 89,000 manat ($52,350) in 2021, Trend reports via the company’s balance sheet published in Respublika newspaper.

According to the data confirmed by the audit report, last year the company's operational income made up over 3.6 million manat ($2.1 million).

Meanwhile, the company's profit before taxes equaled 112,000 manat ($65,880), and income tax payments – 22,400 manat ($13,180).

Besides, the company's assets amounted to 1.05 million manat ($620,000), capital – 91,700 manat ($53,940), and liabilities – 964,330 manat ($567,250) in 2021.

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