The investment company Ziraat Yatirim has increased the market value of the shares of the Petkim petrochemical holding by 11% - from 4.60 to 5.10 Turkish liras.
The report by Ziraat Yatirim on Petkim Holding shows positive indicators of the holding: ‘Petkim's net profit grew by 27% in the II quarter of 2016 - up to 226.9 million liras, and was higher than the forecasts of Ziraat Yatirim (169 million TL) and the market expectations (153 million TL). Revenues from sales of Petkim in Q2 increased by 2.6%, compared to the same period of 2015, and amounted to 1.18 billion TL. The company’s total income rose by 28.5% to 264.8 million TL. In addition, revenues from other activities increased from 7.1 million TL in the second quarter of last year to 18.2 million TL in the corresponding period this year.’
It is noted that in H1 of 2016 Petkim’s indicators are expected to be higher than in 2015. -0--
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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