Bank Of Baku

Nikoil Leasing sees 23% decline in profit year-on-year

Nikoil Leasing sees 23% decline in profit year-on-year
# 07 October 2010 11:29 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, the leasing portfolio of Nikoil Leasing Company stood at AZN 4.867 mln, down 17.4% compared with a year ago.

Deputy General Director Musa Turabov says that the value of company’s leased equipments (AZN 7.940 mln) and volume of investments in economy (AZN 5.884 mln) remained unchanged.

The number of leasing contracts rose 15% to 11. Authorized capital stood steady at AZN 100 000.

The profit during January-September made AZN 40.122 thousand, down 22.8% compared with a year ago.

Nikoil Leasing Company has been in operation since 2007.
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