Gala Life Insurance gets decline in financial performances

Tural Ibadli
Author

Baku. 31 October. REPORT.AZ/ As of July 1, 2018 Gala Life Insurance’s assets stood at AZN 33.977 million, down 16% from the previous year, Report informs citing the company’s financial statement.

The company says the liabilities dropped by 34.4% to AZN 14.186 million, while total capital ascended by 5.1% to AZN 19.791 million.

Revenues fell by 18.2% to AZN 15.324 million, expenditures slid 17.5% to AZN 14.541 million. Consequently, the profit dropped by 29.3% to AZN 784,000. 

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