Gala Life Insurance gets 11.5% decline in assets

Gala Life Insurance gets 11.5% decline in assets
# 21 July 2017 11:18 (UTC +04:00)

In the first half of 2017, Gala Life Insurance’s assets stood at AZN 40,457,037, down 11.48% from early 2017.

Company says the long-term assets made up AZN 14,227,956 (-14.33%), short-term assets AZN 26,229,080 (-9.86%).

Authorized capital remained unchanged at AZN 12,870,000. Total capital grew 6.26% to AZN 18,829,230.

Liabilities declined 22.72% to AZN 21,627,808. Long-term liabilities amounted to AZN 20,699,228 (-24.58%), short-term liabilities to AZN 928,578 (+72.44%).

Net profit stood at AZN 1,109,019.

#
#

THE OPERATION IS BEING PERFORMED