Azerbaijan's investment sector earns net profit worth AZN 4 million in first six months
Azerbaijan's investment sector earns net profit worth AZN 4 million in first six months
In the first half of 2024 Azerbaijan's investment companies earned a net profit of AZN 4.4 million. This is stated in the semi-annual report on financial stability published by the Central Bank of Azerbaijan.
According to the document, this is down by AZN 0.8 million, or about 15.4% from the same period of 2023.
‘The main factor contributing to the drop in net profit for investment companies was the growing administrative expenses of some companies,’ the report says.
Finance
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More than $ 10 billion have been allocated from the state budget for the restoration of the territories of Azerbaijan liberated from occupation in 2021-2024, which creates new tasks for the Accounting Chamber.
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The annual meeting of the Working Group on Environmental Auditing (WGEA) of the European Organisation of Supreme Audit Institutions (EUROSAI) started in Baku on 3 October.
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'Caspian Equipment' company (sells engines and lubricants, batteries, tires, filters and other spare parts) announced the issue of shares worth AZN 0.1 million.
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'Baku Telephone Communications' ('Baktelecom'), subordinate to the Ministry of Digital Development and Transport, is holding an open tender for voluntary medical insurance for 96 employees and their families. This was reported on a unified Internet portal of public procurement.
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