Net profit of investment companies in Azerbaijan up by 10%

The total net profit of 13 investment companies operating on the Azerbaijani securities market amounted to 8.575 million manat ($5.04 million) in 2022, 10.4% more than in 2021, Report informs.

Last year, the profit of investment companies before tax amounted to 10.927 million manats ($6.4 million), which was 12% more than a year earlier.

The total tax payments of investment companies in 2021 amounted to 2.351 million manats ($1.38 million), 18% more than a year ago. Four investment companies - Capital Partners, MFX-Trading, Plato Capital l and Co and Troni - did not pay taxes, as they ended last year with losses.