Assets of A Group Reached 20 Million Manat
The insurance company A Group unveiled financial performance for last year.
According to the report confirmed by an auditor's report, the company's revenues were at the level of 13 million 477.8 thousand manat. Most of them were direct premiums - 12 million 549.08 thousand manat, commission on reinsurance premiums - 214.8 thousand manat, investment income - 765.22 thousand manat, and there also were some non-essential items.
The costs were less - 11 million 165.23 thousand manat, of which the insurance payments were 7 million 401.98 thousand manat and return for premiums - 253.26 thousand AZN. It is noteworthy that the activity was spent 1 million 851 thousand 140 manat, and the rest was other items.
Net profit in comparison with 2013 decreased by 4.3% to 1 million 850.05 thousand 52.51 manat. Net reserves for the company declined to 787.15 thousand manat, which led to a decrease in revenues.
Last year, the company's assets grew by 9.4% to 20 million 500.81 thousand manat, the equity grew by 21.6% to 10 million 162.12 thousand manat and the liabilities decreased by 0.6% to 10 million 338.69 thousand manat. Its registered capital increased by 35.3% to 7 million 308.25 thousand manat and the amount of bank deposits increased by 12.7% to 11 million 240.42 thousand manat.
JSC A Group has been operating in the insurance market since 1996, providing services for 15 types of insurance. --17D-
-
- Economics
- 13 March 2015 14:55
Economics
-
The government of Azerbaijan has amended its customs tariffs, reducing import duties on specific bicycle components to support the domestic assembly industry. According to the decision approved by the Cabinet of Ministers on October 31, the updated tariffs will remain in effect until December 31, 2028, allowing local businesses to import key parts at reduced rates or zero duties.
-
On September 1, The Cabinet of Ministers of Azerbaijan has implemented new aviation regulations aimed at reinforcing the airworthiness, operational standards, and safety protocols for foreign-registered civil aircraft operating within its airspace. The decision, approved on October 31, establishes comprehensive guidelines for pre-flight checks, essential onboard documentation, and crew requirements, aligning with international standards set by the International Civil Aviation Organization (ICAO).
-
The Central Bank of Azerbaijan (CBA) reported that its foreign exchange reserves amounted to $11.371 billion as of October 31, 2024. This represents a slight reduction of 3.6 percent from the September level, but an 8.2 percent increase compared to October 2023, highlighting the CBA’s role in navigating market demands while supporting national economic priorities.
-
A delegation from the State Oil Fund of the Republic of Azerbaijan (SOFAZ), led by the fund’s Executive Director Israfel Mammadov, concluded a working visit to Saudi Arabia. The visit aimed to strengthen strategic partnerships in the international financial market and diversify SOFAZ’s investment portfolio.
Bələdiyyə seçkiləri niyə təyin olunmur? – Mirəli Hüseynov Çətin sualda
News Line
-
- Economical review,
- 11:00
- 65
Leave a review