State-owned Azerishiq OJSC ended 2023 with a net profit of 14 million 478 thousand AZN, Caspian Energy Media reports with reference to Marja.az. The OJSC ended 2022 with a net profit of 56 million 257 thousand AZN. Thus, Azerishiq OJSC’s net profit for the year 2023 declined by 3.8 times, compared to 2022.
Despite Azerishiq OJSC’s last year revenue growth, the rising scale of its expenditures (administrative expenditures, impairment losses on trade receivables, etc.) resulted in decline of net profits.
