"Baku Telephone Communication" LLC starts to work with profit

Baku. 1 December. REPORT.AZ/ Total assets of "Baku Telephone Communication" LLC of the Ministry of Transport, Communications and High Technologies amounted to 100.922 million AZN as of January 1, 2017.

Report informs citing the financial statement of the company, it is less by 4.65% than in January 2016.

Total capital of "Baku Telephone Communication" increased by 14.8% to 75.56 million AZN during the reporting period, while total liabilities decreased by 36.6% to 25.362 million AZN.

In 2016, "Baku Telephone Communication" paid more by 76.7% - 4.385 million AZN profit tax than in 2015 and completed the year with net profit of 9.731 million AZN. However, the company ended 2015 with net loss of 5.025 million AZN in 2015.

Notably, "Baku Telephone Communication" LLC was established this year on the base of "Baku Telephone Communication" Production Union (BTCPU) operating since 1997. However, charter capital of the company did not change last year and remained 32.6 million AZN, currently this figure makes 41,552,816 AZN.