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Azerbaijani MFX investment company ends 2021 with loss

Finance Materials 10 May 2022 15:56 (UTC +04:00)
Azerbaijani MFX investment company ends 2021 with loss
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 10. The net loss of Azerbaijani MFX - TRADING Investment Company OJSC amounted to 217,770 manat ($128,100) in 2021, Trend reports with reference to financial report of company.

According to data confirmed by audit report, company's income amounted to 21,550 manat ($12,600) in 2021.

Depreciation expenses of MFX company amounted to 14,990 manat ($8,800), personnel costs – 104,320 manat ($61,300), other expenses – 83,900 manat ($49,300).

Assets of MFX company increased by 11.5 percent in 2021 compared to 2020 - up to 503,220 manat ($296,000), capital - by 11.7 percent - up to 498,800 manat ($293,400).

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