Azerenergy last year lost half of its net profit

Official press published consolidated statement of Joint Stock Company Azerenergy last year. According to official data, the net profit of the state monopoly on the production of electricity was 84 million 589 thousand manats (minus 46.3% in comparison with the results of 2012). Pretax profit is 130 million 607 thousand manats (8.3 %). Total retained earnings as of January 1 of this year are 224 million 475 thousand manats (+ 60.4%).

The main part of the assets (5 billion 518.91 million manat) refers to long-term investments - 5 billion 20.25 million manat. Shareholders' equity amounted to 2 billion company 201.58 million ( + 8.9%). Share capital since early last year is 1 billion 760 million 495 thousand manats.

The level of investments decreased by 19.2% - to 262 million 987 thousand manats. Liabilities JSC in 2013 increased by 0.09 % - up to 3 billion 317 million 331 thousand manats.

Total revenues for the company last year amounted to 743 million 252 thousand manats (minus 0.9 %) , operating profit of 92.11 million ( 3 %).

Under the law, all public organizations, regardless of activity required to submit before May 1, public financial reports. However, not all responsible agencies operate provisions of the Charter. - 17D-