BAKU, Azerbaijan, May 11. The Azerbaijani BTB Kapital investment company completed 2022 with a net profit of 99,090 manat, or $58,288, Trend reports with reference to the company's data.
The company's revenues in the reporting period amounted to 891,580 manat ($524,458), while its interest income totaled 78,870 manat ($46,394).
Expenses related to the staff of BTB Kapital at the end of last year amounted to 234,030 manat ($137,664), commission expenses - 280,050 manat ($164,740), agency expenses - 2,520 manat ($1,482), other operating expenses - 320,210 manat ($188,358), and interest expenses - 1,350 manat ($794).
The company's profit before taxes by the end of 2022 amounted to 123.2 million manat ($72.4 million), while income tax payments reached 24,150 manat ($14,205).
BTB Kapital's assets in 2022 rose by 4.87 percent to 3.7 million manat ($2.1 million) compared to 2021, its liabilities grew by 3.28 percent to 2.3 million manat ($1.3 million), while its total capital grew by 7.71 percent, to 1.38 million manat ($811,764).