BAKU, Azerbaijan, May 11. Net profit of Azerbaijani MJ Financial Service non-bank credit organization amounted to 904,670 manat ($532,100) in 2021, Trend reports with reference to the financial report of the organization.
According to the data confirmed by the audit report, the interest income of MJ Financial Service amounted to 2.5 million manat ($1.4 million) in 2021.
Interest expenses of company totaled 487,000 manat ($286,400), administrative expenses - 757,820 manat ($445,700).
Profit of MJ Financial Service before taxes amounted to 1.1 million manat ($647,000) in 2021, income tax payments – 226,170 manat ($133,000).
Company’s assets increased 2.6 times - up to 10.3 million manat ($6.05 million) in 2021, capital - 6.5 times - up to 1.06 million manat ($623,500), liabilities - 2.5 times - up to 9.2 million manat ($5.4 million).