LLC Societe de Courtage is the only insurance and reinsurance broker in the local market (in the registry there are 8 of them) that annually presents financial reports.
According to the company's financial statements confirmed by the auditor's report, its last year's revenues amounted to 327.67 thousand manat and the costs were 226.64 thousand manat.
The net profit stood at 79.46 thousand manat, which is 6.1% less than last year (84.61 thousand). Before the deduction of income tax it was 101.03 thousand manat.
The company's assets grew by more than half (55.3%) - up to 1 million 386.44 thousand manat, the liabilities - by 67.5% - up to 1 million 133.28 thousand manat, and the assets – by 17.2% - up to 253.16 thousand. manat.
LLC Societe de Courtage (previously LLC Malakut Sigorta) was licensed to operate in Azerbaijan in August 2006. The authorized capital is equal to 155 783 manat. --17D-
Economics
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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