Last year Azerenerji lost of half of net profit

Official press has published the consolidated report of Azerenerji for year 2013.

  According to the report, net profit of the state monopolist of power generation (including monopolist of power distribution in the Azerbaijani regions) totaled 84,589,000 AZN. Azerenerji’s net profit declined by 46.3% against 2012.

The pre-tax profit of JSC totaled 130,607,000 AZN (+8.3%). By January 1, 2014 total undistributed profit reached 224,475,000 AZN (+60.4%).

The main part of assets (5,518,091,000 AZN) belongs to the long-term investments – 5,020,025,000 AZN. Azerenerji’s own capital totaled 201,058,000 AZN (+8.9%).

  Since early last year authorized capital totals 1,760,495,000 AZN.

During last year Azerenerji’s investments dropped by 19.2% to 262,987,000 AZN. In 2013 JSC’s commitments increased by 0.09% up to 3,317,331,000 AZN.

Last year Azerenerji’s aggregate incomes totaled 743,252,000 AZN (-0.9%), while operation profit totaled 92.11 million AZN (+3%).

 According to the Azerbaijani legislation, all state organizations, irrespective of type of their activities, are obliged to submit the financial reports till May 1 each year. But not all organizations observe the rules.

Bakudaily.az