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11:17 23 February
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BakuBus concludes 2016 with loss

In 2016 BakuBus LLC’s assets stood at AZN 226.143 million, down 7.73% from 2015.

The LLC says  the liabilities dropped 9.8% to AZN 177.967 million, authorized capital slipped 39.84% to AZN 18.049 million, state investments rose 58.41% to AZN 181.697 million. As of December 31, 2016, the loss amounted to AZN 151,569,938, up AZN 54.638 million or 56.37% in comparison with 2015. Thus, total capital made up AZN 48.177 million.

 

Net loss made up AZN 54,637,619 in 2016, while it was AZN 92,260,805.

 

 

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