Azercell Telecom LLC announced the financial report for 2016, according to which the revenues of the mobile operator (AZN 392 million) decreased by 4.4%.
Last year, mainly due to a 21.7% increase in costs, the company's profit amounted to 134.7 million manat, 184 million manat less than it was in the previous year.
It is noteworthy that Azercell paid a tax on profits in the amount of 52.3 million manat, which amounted to 39.5% of the profit, while the rate of this tax is 20%.
Azercell's assets by the beginning of this year approached 1 billion manat. The undistributed profit of the company is AZN 806 million.
Azercell Telecom LLC is owned by Azertel Telekomunikasyon ve Yatırım Dis Ticaret A.S (Turkey). The main share in this company belongs to the Swedish Telia Company. -0 ---
Economics
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