Azercell Telecom got AZN 100M in net profit last year

As of January 1, 2019, the assets of Azercell Telecom LLC stood at AZN 1,031,883,000, up 12.6% from the previous year, Report informs citing the LLC.

Liabilities rose by 10.85% to AZN 97.116 million, total capital surged by 12.8% to AZN 934.767 million, incomes increased by 2.4% to AZN 421.193 million, expenditures dropped by 27.9% to AZN 286.206 million, financial incomes fell by 52.1% to AZN 746,000, payments on profit tax went up 60.2% to AZN 35.498 million. Consequently, the company ended 2018 on net profit of AZN 100.235 million. The company had ended 2017 on AZN 19.357 million in loss.

Azercell Telecom has been in operation since 1996.