BAKU, Azerbaijan, July 30. Azerbaijan's Silk Way Insurance Company has ended the second quarter of 2022 with a net profit of 478,110 manat ($281,242), Trend reports citing the company's financial report.
According to the report, the revenues of Silk Way Insurance totaled 6.749 million manat ($3.9 million), out of which operating income constituted 6.49 million manat ($3.8 million), while investment income – 223,420 manat ($131,424).
The company's expenses amounted to 6.15 million manat ($3.6 million), formed of operating costs worth 5.333 million manat ($3.1 million), and business expenses of 818,230 manat ($481,313).
The company's profit before taxes reached 597,640 manat ($351,554), whereas income tax payments – 119,520 manat ($70,306).