Azsigorta sees 83% decline in net profit

Azsigorta OJSC ended 2019 on AZN 769,000 in net profit, down 82.55% from the previous year.

Bank says the revenues amounted to AZN 19.173 million (down 36.2% from 2018), expenditures – to AZN 18.212 million (-26.1%), profit tax payments – to AZN 192,000 (-81%).

As of January 1, 2020, the assets made up AZN 58.245 million, down 4.1% from a year earlier. The liabilities fell 11.9% to AZN 23.187 million.

Azsigorta has been in operation since 2006. The authorized capital is AZN 20.3 million.