Gala Life Insurance sees 31% rise in net profit

As of January 1, 2019, Gala Life Insurance OJSC’s assets stood at AZN 37.732 million, down 3.1% from the previous year.

Report informs citing the OJSC than the liabilities dropped by 14.6% to AZN 17.027 million, total capital rose by 8.9% to AZN 20.969 million, incomes slipped 22.4% to AZN 23.232 million, expenditures dropped by 25.2% to AZN 21.159 million, payments on profit tax ascended by 8.4% to AZN 384,000. Consequently, the OJSC ended 2018 on AZN 1,689,000 in net profit, up 31% in comparison to 2017.

Gala Life Insurance was established in 2008. Its authorized capital amounts to AZN 12.87 million.