BAKU, Azerbaijan, April 25. Net profit of the Azerbaijani plant for the production of fittings - EL Metal Plus LLC amounted to 4.2 million ($2.4 million) manat in 2021, Trend reports with reference to the balance sheet of the company, published in Respublika newspaper.
According to data confirmed by the audit report, the company’s income amounted to 6.7 million manat ($3.9 million) in 2021.
Administrative expenses of EL Metal Plus totaled 1.1 million manat ($647,000), financial expenses – 542,300 manat ($319,000), other expenses – 603,800 manat ($355,000).
Company’s profit before taxes amounted to 355.100 manat ($208,800), income tax payments amounted to 71,000 manat ($41,700) in 2021.
The company’s assets increased by 33.5 percent - up to 16.6 million manat ($9.7 million), capital - by 228.9 percent - up to 6.1 million manat ($3.5 million), and liabilities decreased by 0.8 percent - up to 10.4 million manat ($6.11) in 2021compared to 2020.