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Azerbaijan’s Optimal Finance ends 2021 with profit

Finance Materials 31 May 2022 18:25 (UTC +04:00)
Azerbaijan’s Optimal Finance ends 2021 with profit
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 31. The net profit of Azerbaijani Optimal Finance non-bank credit organization (NBCO) amounted to 80,030 manat ($47,076) in 2021, Trend reports with reference to NBCO.

According to the data confirmed by audit report, company operating income amounted to 368,160 manat ($216,560) in 2021.

Operating expenses of NBCO totaled 141,320 manat ($83,120), financial expenses – 126,780 manat ($74,576).

The profit of Optimal Finance before taxes in 2021 amounted to 100,040 manat ($58,800), income tax payments – 20,000 manat ($11,760).

The assets of NBCO increased by 9.6 times - up to 2.9 million manat ($1.7 million) in 2021, capital - by 26.6 percent - up to 379,900 manat ($223,400), and liabilities amounted to 2.5 million manat ($1.4 million).

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