SOFAZ completed last year with profit

SOFAZ completed last year with profit
  • Clock-gray 15:39
  • calendar-gray 09 July 2020

According to the results of 2019, net profit of the State Oil Fund of the Republic of Azerbaijan has made up AZN 4 316 219 thousand, APA-Economics reports citing SOFAZ's consolidated financial reports for 2019.

Remind that SOFAZ completed 2018 with a net deficit of AZN 768 439 thousand.

Note that in the reporting period, total assets of SOFAZ have increased by 12.5% and reached AZN 74 311 156 thousand. Total obligations of the Fund has increased by 7.3% and made up AZN 1 088 816 thousand.

 

Mirsaid İbrahimzade

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