BAKU, Azerbaijan, May 26. The net profit of Azerbaijani Xalq Kapital Investment Company CJSC amounted to 433,170 manat ($254,805), Trend reports with reference to company’s financial report.
According to the data confirmed by audit report, company's income amounted to 114,900 manat ($67,580) in 2021, and interest income – 51,580 manat ($30,340).
Administrative expenses of Xalq Kapital totaled 26,190 manat ($15,400) last year, personnel expenses - 59,330 manat ($34,900), depreciation expenses - 1,490 manat ($876).
Company's profit before taxes amounted to 139,460 manat ($82,030) in 2021, and income tax payments – 24,850 manat ($14,600).
The assets of company increased by 33.8 percent in 2021 compared to 2020 - up to 920,060 manat ($541,200), capital - by 29.8 percent, up to 864,550 manat ($508,500), liabilities by 2.5 times - up to 55,506 manat ($32,600).