Baku 12° C
Xalg Insurance sees profit by end of 2020
Finance
- 09 March, 2021
- 07:16
Xalg Insurance OJSC ended 2020 with a profit of AZN 8.061 million, while it lost AZN 17.656 million in 2019.
Report says the incomes rose 3.1-fold to AZN 38.442 million, expenditures went up 1% to AZN 30.381 million. The OJSC did not pay profit tax.
As of January 1, 2021, the assets surged 5.2% to AZN 75.466 million, liabilities dropped 14.1% to AZN 26.277 million, net worth soared 19.6% to AZN 49.189 million.
Xalg Insurance has been in operation since 2004. The authorized capital is AZN 57.75 million.
Author
Latest News
20:15
Azerbaijani carpets exhibited in Paris
Foreign policy20:02
Jafar Huseynzada, Kevin Hamilton mull NATO-Azerbaijan partnership
Foreign policy19:51
Azerbaijan Embassy in Italy suspends consular services during March holidays
Foreign policy19:36
Israel strikes Iranian Navy sites in Caspian Sea
Other countries19:21
Guterres urges US, Israel to end war, calls on Iran to stop attacks
Other countries19:02
Azerbaijan establishes State Agency for Health Insurance and Expertise
Health18:41
Iran used only fraction of power in response to Israel, FM Araghchi says
Region18:28
Photo
Azerbaijan conducts Ramadan aid campaign in seven countries as donor partner
Foreign policy18:09