Investment company "Azfinance" suffered losses worth 0.35 million manats in 6 months
The investment company "Azfinance" has released financial indices for the first half of 2024.
In January-June, the financial structure suffered losses in the amount of 0.35 million manats. This is down by 2.7 times from the same period of the last year.
As of the beginning of July this year, "Azfinance"s assets amounted to 16.9% more than at the beginning of July last year – 6.9 million manats. The investment company's liabilities amounted to 3.2 million manats (10.9% less), the balance sheet capital - 3.7 million manats (59.4% more), including the authorized capital -1.55 million manats (unchanged).
Finance
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In the first half of 2024, Nakhchivan Autonomous Republic of Azerbaijan received a subsidy of AZN 150.1 million from the state budget of Azerbaijan.
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Azerbaijan's current operating balance (COB) surplus totalled $2,625.3 million in the first half of 2024. This was reported by the Central Bank of Azerbaijan.
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In January-August 2024, receipts from compulsory state social insurance in Azerbaijan amounted to 3.7 billion manats. This was reported by the State Tax Service under the Ministry of Economy.
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