“CPM-Invest” investment company incurred losses of AZN 23,000 for first six months
"CPM-Invest” investment company has published financial indices for the first half of 2024.
For January-June the financial structure incurred a loss of AZN 23, 000 (the same period of the last year it finished with a profit of AZN 419, 000).
As of the beginning of July this year, the assets of “CPM-Invest” amounted to AZN 26.6 million, 4.3 times more than at the beginning of July last year. Liabilities of the investment company amounted to AZN 25 million (5.95 times more), balance sheet capital - AZN 1.6 million (18.9% less), including authorized capital - AZN 0.8 million (2 times more).
Finance
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The main reason for the sharp - 2.6 times as compared to the same period of 2023 - rise in foreign currency sold by the State Oil Fund (SOFAZ) in January-October 2024 is the needs of the state. Expert economist Rovshan Agaev said.
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The Central Bank of Azerbaijan has issued an official warning to the Baku Stock Exchange (BSE). This is reported on the CBA website.
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As of the end of June 2024, the 'Mortgage and Credit Guarantee Fund' had deposits in Azerbaijani banks in the amount of AZN 4.6 million. This is reported in the semi-annual financial statements of the Fund.
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The Central Bank of Azerbaijan (CBA) has issued a licence for currency exchange activity (‘Exchange’) to 'Money Shop' company.
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