Mega Insurance ends 2019 at profit

Mega Insurance OJSC ended 2019 on A3,533 million in net profit, down 25,2% from the previous year, Report informs citing the OJSC.

The OJSC says the revenues dropped 18% to AZN 22.163 million, expenditures fell 16.7% to AZN 17.547 million, profit tax payments slid 8.9% to AZN 1.083 million.

As of January 1, 2020, the assets grew 4.6% to AZN 44.427 million, liabilities declined by 3.1% to AZN 18.067 million.

Mega Insurance was established in 2010 on the basis of the BE&G insurance company established in 1998. The authorized capital is AZN 23 million.