The Karabakh Revival Fund ended 2022 with a net profit of 342.816 million manats ($201.57 million), which is 61.3% less year-on-year, Report informs.
According to the data, last year the organization's income from donations amounted to 314.52 million manats ($184.89 million - 65.3% less than a year earlier), financial income made 34.454 million manats ($20.25 million - 3.75 times more), general, administrative and other operational expenses made 2.737 million manats ($1.6 million - 5.1 times more), impairment losses made 3.634 million manats ($2.13 million), financial expenses made 258,000 manats ($151,669 - 42.5% less), and income tax payments made 6.796 million manats ($3.99 million - 3 .9 times more).
As of January 1, 2023, the assets of the Karabakh Revival Fund amounted to 1.238 billion manats ($727.9 million - 39.05% more year-on-year), of which 5.965 million manats ($3.5 million - 5.4 times more) were the fund's liabilities, and 1.232 million manats ($724.3 billion - 38.55% more) was the balance sheet capital.