Gunay Insurance increases net profit by 13 times

Gunay Insurance ended 2019 on AZN 720,000 in profit, up 12.6-fold from the previous year.

In the reporting period, the revenues amounted to AZN 6.861 million (down 18.7% from 2018), expenditures – to AZN 5.958 million (-28.9%), profit tax payments – to AZN 184,000 (+43.8-fold).

As of January 1, 2020, the assets made up AZN 14.42 million, up 13% from a year earlier. The liabilities rose 19.35% to AZN 5.81 million.

Gunay Insurance was established in 1992. The authorized capital is AZN 7.7 million.