Azerbaijani IT solutions integrator Caspel LLC ended 2021 with a net profit of 667,000 manats ($392,565), 34.7% less than in 2020, Report informs, citing the company.
Last year, Caspel's pre-tax profit was 834,000 manats ($490,841), or 34.6% less than a year ago, and income tax payments were 167,000 manats ($98,290) or 34.5% less.
As of January 1, 2022, the assets of Caspel were 9.679 million manats ($5,696 million), which is 35.2% less compared to the previous year. During the reporting period, the company's liabilities decreased by 37.7% to 8.566 million manats ($5.04 million), and the balance capital fell by 7.2% to 1.112 million manats ($654,434).
Caspel LLC was established in 2005. Its authorized capital is 20 manats ($11.77).