SGC liabilities fall by 28%

The Southern Gas Corridor (SGC) ended the first half of 2021 with AZN 39,139,846 in loss, Report says.

In January-June 2021, general and administrative expenses stood at AZN 8,193,310, other operating expenditures at AZN 2,118,457, loss on exchange rate difference at AZN 12,020,822.

Financial income and expenses, respectively, amounted to AZN 88,697,137 and AZN 105,504,394.

As of July 1, 2021, the assets made up AZN 8,980,984,000, down 29.1% from the early 2021. Liabilities dropped 27.9% to AZN 6,811,957,000, net worth fell by 32.8% to AZN 2,169,026,000.