• $
  • £

Azercell significantly increases net profit in 2018

Azercell significantly increases net profit in 2018
29.05.2020 07:54
Azercell LLC, a mobile operator in Azerbaijan, completed 2018 with a net profit of 100.2 million manatTrendinforms referring to the company's financial report.

For comparison, the company completed 2017 with significant losses of 19.4 million manats.

According to 2018 report, revenues increased by 2.4 percent, and reached 421.2 million manats. On the other hand, expenditures decreased by 27.9 percent, and amounted to 286.2 million manats.

The company's assets have significantly increased. In 2018, assets increased by 12.6 percent, and reached 1.031 billion manats. In particular, total capital increased by 12.8 percent and amounted to 934.7 million manats. In this regard, the company's liabilities increased by 10.8 percent, and reached 97.1 million manats. Authorized capital remained unchanged - 42.08 million manats.

By the end of 2018, the operator had invested $59.5 million in the development of its network, thanks to which the total investment of the company over the past 22 years exceeded $1.527 billion.



www.anews.az
Similar news
Similar news
ABB eSIM Service Launched!
Business 17:15
ABB eSIM Service Launched!
Kapital Bank Hosts “Smart Money Talks” Session for School Students
Business 17:05
Kapital Bank Hosts “Smart Money Talks” Session for School Students

Subscription to ABB Bank Bonds Successfully Completed!
Business 17:03
Subscription to ABB Bank Bonds Successfully Completed!
Gold prices have increased
Business 17:00
Gold prices have increased
Azerbaijan posts $487.7 mln trade surplus in January 2026
Business 16:30
Azerbaijan posts $487.7 mln trade surplus in January 2026

Brent crude price exceeds $116
Business 15:00
Brent crude price exceeds $116
Azerbaijan’s transport and storage sector sees 2.6% growth in Jan-Feb 2026
Business 14:00
Azerbaijan’s transport and storage sector sees 2.6% growth in Jan-Feb 2026

Stay supported this holiday with Yelo Bank’s special schedule
Business 13:40
Stay supported this holiday with Yelo Bank’s special schedule

Bank Respublika and EIB Global sign a credit agreement using the Central Bank’s hedging mechanism
Business 13:11
Bank Respublika and EIB Global sign a credit agreement using the Central Bank’s hedging mechanism
Anews TV

Our official Youtube channel

Subscribe