Atasigorta ends 2018 on loss

As of January 1, 2019, Atasigorta OJSC’s assets stood at AZN 28.418 million, down 4.3% in comparison to a year earlier.

Report informs citing OJSC that liabilities grew by 46.5% to AZN 19.311 million, total capital dropped by 44.9% to AZN 9.107 million, authorized capital rose by 17.7% to AZN 14.6 million.

Incomes went up by 4.6% to AZN 17.997 million, expenditures increased by 54.8% to AZN 25.003 million, profit tax fell by 30.4% to AZN 70,000. Consequently, the OJSC ended 2018 on AZN 7.077 million in net loss, while it ended 2017 on AZN 956,000 in profit.

Atasigorta has been in operation since 2004.