AtaSighorta gets 3.6 times rise in profit

AtaSighorta gets 3.6 times rise in profit
# 14 August 2008 16:11 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s AtaSighorta earned AZN 2.291 million in premiums during January-July, down 9.1% from a year earlier.
The company said payments for insurance claims rose 17.7% to AZN 355 600.
For the seven months, revenues reached AZN 2.870 million and expenditures AZN 2.078 million. Profit made AZN 0.792 million, up 3.6 times from last year.
AtaSighorta, owned by AtaHolding, has been in operation since 2004.
As of August 1, authorized capital stood at AZN 2 million. It provides 31 voluntary and 4 compulsory types of insurance services.
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