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
-
Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
-
The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
-
Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
-
In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
Leave a review