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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.
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