Activity of Aqrolizinq Unprofitable

In 2011 the state leasing company Aqrolizinq suffered a loss of over 800 thousand manat. The total amount of losses during 2005-2011 reached 7.8 million manat.

In 2011, the company was engaged in the sale and leasing of agricultural machinery, fertilizers, and technological systems and provided agronomic services to farmers that amounted to 62.1 million manat, which is 9.3% less than in the previous year. The company received an income of 4.7 million manat from its economic activity. However, given the administrative costs and depreciation, the activities of Aqrolizinq were unprofitable.

Over the year the assets of Aqrolizinq grew from 257.3 million to 305.8 million manat.

To date, the company has got from the state budget and in grants from the Government of Japan about 10 thousand units of various agricultural equipment and technological systems. In JSC Aqrolizinq they told Turan that this year a contract was concluded for the purchase of 1,580 units of agricultural machinery for various purposes. Delivery of equipment is carried out according to the agreed schedule.

On August 31, at the disposal of the company there were 736 items for sale, ready for leasing. Only from August 1 to 24, farmers were given on lease 147 units for sale, including 40 tractors, 50 plows, 45 planters, etc. In order to take the equipment on long-term lease, it is enough to pay 10% of its value in advance. -08 -