For a year the assets of the leading mobile operator LLC Azercell Telecom rose 3.4 % to 588.705 million manats. According to the consolidated statement of the financial position of the company for 2013, the net income amounted to 118.773 million manat (minus 7.6 % compared with 2012).
Pretax profit of the LLC on the results of 2013 amounted to 152.578 million manat (minus 4.8%). The enterprise profit tax increased 6.2 %, amounting to 33.805 million manats. Long-term assets of the company to January 1, 2014 were at the level of 509.264 million manats (6.9 %).
The equity capital of Azercell in 2013 increased 26.8% to 514 million manats. Then the total retained earnings at the beginning of 2014 amounted to 471.92 million (29.9 %). The share capital of the company in 2013 made up 42.08 million manat.
Liabilities of the company in 2013 decreased 54.8 % to 74.705 million manats. Total revenues in 2013 totaled 458.431 million manat (0.8 %) and the operating profit was 152.08 million (minus 4.8%).
LLC Azercell Telecom, a member of the international group TeliaSonera, was founded January 19, 1996.
The Azercell Telecom share of the mobile market in Azerbaijan is 53 %. The company covers 99.8 % of the country. The total number of the subscribers is 4.5 million. - 17D-
Economics
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Azerbaijani President Ilham Aliyev issued a decree on Thursday introducing amendments to several previous presidential orders concerning state administration and reconstruction services in the country’s liberated territories. These changes aim to enhance operational efficiency and clarify responsibilities for the management and restoration of these regions.
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The Ministry of Energy of Azerbaijan has begun preparations for the upcoming 11th meeting of the Southern Gas Corridor (SGC) Advisory Council and the third ministerial meeting of the Green Energy Council in Baku.
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The Cabinet of Ministers of Azerbaijan has approved a detailed list of services to be provided by the country’s Export and Investment Promotion Agency (AZPROMO), aiming to enhance support for exporters and investors in 2025. The decision was formalized under Resolution No. 11, issued on January 22, 2025.
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Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA), met with Anna Bordon, head of the International Monetary Fund (IMF) mission for Azerbaijan, the Middle East, and Central Asia, on January 23 to discuss the country’s key economic priorities. The meeting emphasized a shared commitment to addressing macroeconomic challenges, implementing sound monetary policy reforms, and ensuring financial sector stability in the medium term.
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