Bank Of Baku

SOCAR’s assets reach AZN 17 bln

SOCAR’s assets reach AZN 17 bln
# 07 June 2012 10:19 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. At present, State Oil Company’s assets make AZN 17 bln, annual balance profit – AZN 879 mln, said the SOCAR Vice-President on economic issues Suleyman Gasimov at the 19th Caspian Oil and Gas Conference.

According to him, in comparison to 2008, the short-term assets of the company rose 81%, total assets – 36%, profit from operations activity – 33%, net profit – AZN 81%, pre-tax profit- AZN 54%.
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