Profit of Azerqarant Sigorta sharply reduced

Baku. 31 March. REPORT.AZ/ Total revenues of Azerqarant Sigorta amounted to 803, 17 thousand manats in 2015, the expenses - 405 488 AZN.

Report informs referring to the company's report for 2015, as a result, the insurance company has finished last year with a profit of 397.682 thousand AZN. After payment of taxes in the amount of 79.536 thousand AZN, net profit amounted to 318.145 thousand AZN.

Note that the company's revenues in comparison with 2014 decreased by 35.1%, expenditures - 21.5%. The amount of income tax at an annual rate decreased from 144.045 to 79.536 thousand AZN. As a result, net profit of Azerqarant Sigorta compared to the previous year declined by 44.8%.