Accumulated loss of Azeristiliktechizat OJSC exceeds $58M

OJSC ended 2022 with a loss of 8.29 million manats ($4.87 million), according to the company’s financial report, 20.1% less than in 2021, Report informs.

According to the document, the accumulated loss of the joint-stock company last year increased by 8.3% to 108.4 million manats ($63.8 million).

As of January 1 of this year, the assets of Azeristiliktechizat amounted to 151.86 million manats ($89.3 million), which is 2% more than a year ago. During the reporting period, the liabilities of the company increased by 19.5% to 67.98 million manats ($ nearly 40 million), while the balance capital decreased by 8.8% to 83.88 million manats ($49.3 million).