In 2014, the revenues of Azerlotereya from the sale of lottery tickets totaled 28 million 514 thousand manats. This is 5.8% more than in 2012. At the same time profitability of the state monopoly of replicable and instant lotteries since 2001 last year was only 6.5%.
According to the audited financial statements of the JSC, in 2014, the sales amounted to 26 million 764.8 thousand manats. Taking into account the operating (580.9 thousand manats) and financial (141.7 thousand manats) income, the pretax profit amounted to 2 million 471.9 thousand manats, 6.3% less than in 2013. Net income from the state lottery business amounted to 1 million 977.5 thousand manats. Earnings decreased by 132.7 thousand manats.
Retained earnings of Azerlotereya by the end of 2014 amounted to about 5 million manats.
Total in 2014 there were sold 28,888,800 lottery tickets. The winning tickets sold amounted to 18 million 190 thousand manats or 63.8% of their value.
In 2014, taking into account tax profit, Azerlotereya transferred to the state budget and extra budgetary funds 1 million 142.3 thousand manats.
In 2012, the number of cars played out was 189 units (total cost - 2 million 392 thousand manats), or 12 units more than in 2013 (2 million 345.7 thousand manats).
JSC Azerlotereya was established in 2001 and is managed by the Ministry of Economy and Industry. ----08D
Economics
-
The new law on "Political Parties," adopted two years ago, came into effect early last year and has been criticized by the Venice Commission, is already making its impact felt. On December 4, the activities of two political parties—the Freedom Party and the Party of Free Democrats—were halted through court orders. The Ministry of Justice cited discrepancies in the documentation of these parties as the reason for its appeal to the court.
-
In the first ten months of 2024, Baku's trade turnover registered a 4.4% increase compared to the same period last year, reaching a substantial 28.2 billion manat, according to the Baku City Statistics Department.
-
In a significant move to bolster its financial capabilities, Azerbaijan's state-owned energy company SOCAR has signed an agreement with Italy's Intesa Sanpaolo bank. The pact, which underscores growing cooperation between the two entities, marks a step forward in securing financial resources for SOCAR's ambitious projects, including its ventures in green energy.
-
In the first 11 months of 2024, Azerbaijan experienced a robust recovery in its tourism sector, with 2.41 million foreign and stateless individuals visiting the country, marking a 27.4% increase compared to the same period last year, according to the State Border Service. This growth reflects Azerbaijan’s increasing appeal as a travel destination, bolstered by diversification in source markets and improved transport infrastructure.
Leave a review