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Azerbaijan’s UniCapital investment company completes 2021 with profit

Finance Materials 1 June 2022 13:46 (UTC +04:00)
Azerbaijan’s UniCapital investment company completes 2021 with profit
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 1. Net profit of Azerbaijani investment company UniCapital amounted to 897,070 manat ($527,600) in 2021, Trend reports with reference to the company’s financial report.

According to the data confirmed by the audit report, the company's interest income amounted to 672,410 manat ($395,500) in 2021, non-interest income - to 2.3 million manat ($1.3 million), including commission income - 1.2 million manat ($705,800).

Interest expenses of UniCapital amounted to 360,150 manat ($211,800) last year, non-interest expenses - 1.4 million manat ($823,500), including personnel expenses - 1.05 million manat ($617,600).

The company's profit before taxes in 2021 amounted to 1.4 million manat ($823,500), income tax payments – 221,440 manat ($130,250).

UniCapital's assets amounted to 10.3 million manat ($6.05 million) in 2021, capital - 1.8 million manat ($1.05 million), and liabilities - 8.4 million manat ($4.9 million).

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