Baku Stock Exchange sees a 20% decline in net profit

Baku Stock Exchange (BSE) ended 2019 at AZN 3 million in net profit, down 20% from the previous year, Report informs.

The operating incomes dropped 18.3% to AZN 4.7 million, operating expenditures fell 2.5% to AZN 1.3 million, interest incomes went up 23% to AZN 403,000, profit tax slipped 18.4% to AZN 765,000.

As of January 1, 2020, the assets stood at AZN 11.8 million, down 41.6% from a year earlier. Liabilities rose 82.7% to AZN 1 million.

BSE was established in 1997. The authorized capital is AZN 1.3 million. Shareholders are 20 legal entities - 7 local banks (Azer-Turk Bank, Azerbaijan Industry Bank, Bank of Baku, Kapital Bank, International Bank of Azerbaijan, Yapi Kredi Bank Azerbaijan and united Credit Bank), 12 local and foreign investment companies and Istanbul Stock Exchange.