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Azerbaijan's Azerpost LLC reveals financial report by end of 2021

Finance Materials 26 December 2022 20:33 (UTC +04:00)
Azerbaijan's Azerpost LLC reveals financial report by end of 2021
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 26. The net loss of Azerbaijan's Azerpost LLC amounted to 5.439 million manat ($3.19 million), Trend reports citing the LLC.

According to the data confirmed by the audit report, revenues from postal services in the reporting period totaled 18.027 million manat ($10.6 million), financial services – 12.136 million manat ($7.1 million), other services – 10.188 million manat ($5.99 million), other operating income – 1.175 million manat ($691,201), income from investment activities – 4.234 million manat ($2.49 million), termination of executive agreements – 5,000 manat ($2,941).

Operating expenses made up 23.505 million manat ($13.8 million), general and administrative expenses – 20.38 million manat ($11.98 million), financial expenses – 34,700 manat ($20,412), estimated credit loss on financial assets – 2.148 million manat ($1.26 million). As of January 1, 2022, Azerpost's assets reached 434.376 million manat ($255.5 million), total liabilities – 387.7 million manat ($228.06 million), total capital – 46.643 million manat ($27.4 million).

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