
OJSC Ateshgah finished last year with a net profit of 250.47 thousand manat against the 182.39 thousand at the end of 2013 (+ 37.3%).
According to the financial statement supported by the auditor's report, the total income of one of the leading insurers amounted to 37 million 546.3 thousand manat. The largest share was of insurance premiums - 35 million 316.45 thousand manat, and the investment income brought 756.11 thousand manat.
The expenses were at the level of 37 million 233.21 thousand manat. This included insurance payments (15 million 173.56 thousand manat), conducting insurance business (15 million 218.15 thousand manat), risks transferred to reinsurance (4 million 787.85 thousand manat), return for premiums (1 million 92.43 thousand manat), etc.
The total assets increased by 6.8% to 31 million 996.02 thousand manat and the liabilities increased by 25.8% to 24 million 677.28 thousand manat, with a drop on equity by 0.2% to 7 million 318.74 thousand manat.
The volume of deposits of the company, placed in banks, also declined by 9.3% to 7 million 384.9 thousand manat.
The insurance company Ateshgah was established in 1996. Its shareholders are several legal entities. The authorized capital is 5 million 8.5 thousand manat. --17D-
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review