Net profit of Anglo Asian Mining, gold producer in Azerbaijan, decreased by more than 40%

Net profit of Anglo Asian Mining, gold producer in Azerbaijan, decreased by more than 40%
# 16 May 2023 12:26 (UTC +04:00)

"Anglo-Asian Mining Plc." of Great Britain, which is engaged in gold, silver, and copper mining in Azerbaijan unveiled its financial report for 2022, APA-Economics reports.

Revenues of the mining company decreased by 8,4% or 7,8 mln dollars in 2022 in comparison to 2021 and dropped to USD 84,7 mln. In 2021, "Anglo-Asian Mining Plc." gained USD 92,5 mln revenue in 2021.

The net profit of the company last year made up USD 7,5 mln and this is 40,5% and USD 5,1 mln. less in comparison to the previous year. In 2021, the company unveiled USD 12,6 mln net profit.

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