BAKU, Azerbaijan, May 5. The net profit of Azerbaijani investment company PSG Kapital amounted to 1.7 million manat ($1 million) in 2021, Trend reports with reference to financial report of PSG Kapital.
According to data confirmed by audit report, the company's income amounted to 2.9 million manat ($1.7 million) in 2021, including interest income – 419,300 manat ($246,600), income from underwriting services – 855,600 manat ($503,200), dealing income – 801,500 manat ($471,400).
Expenses of PSG Kapital in 2021 amounted to 474,300 manat ($279,000), staff costs - 115,200 manat ($67,700), other expenses - 58,100 manat ($34,100).
The company's profit before taxes amounted to 2.1 million manat ($1.2 million) in 2021, income tax payments – 419,400 manat ($246,700).
PSG Kapital's assets increased by 87.4 percent in 2021 compared to 2020 - up to 45.7 million manat ($26.8 million), capital - by 19.7 percent - up to 9.7 million manat ($5.7 million), and liabilities - by 121.4 percent - up to 35.973 million manat ($21.1 million).