Xalg Insurance gets 2.3% decline in assets

Xalg Insurance gets 2.3% decline in assets
  • Clock-gray 07:29
  • calendar-gray 16 March 2018

In 2017, Xalg Insurance OJSC’s assets rose 2.26% to AZN 52,915,237.

 

Company says the long-term assets made up AZN 7,630,674, short-term assets AZN 45,284,563.

 

Authorized capital increased by 13.50% to AZN 39,388,000. Total capital grew 13.53% to AZN 44,709,500.

 

Liabilities declined 28.63% to AZN 6,694,751. Long-term liabilities amounted to AZN 6,631,052, short-term liabilities to AZN 38,966.

 

Revenues stood at AZN 12,201,002.69, expenditures at AZN 10,316,797.47.

 

The company ended 2017 on net profit of AZN 1,507,364,186.

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