Bank Of Baku

AtaSigorta’s profit decreases sharply

AtaSigorta’s profit decreases sharply
# 10 November 2010 12:43 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based AtaSigorta earned AZN 3.19 mln insurance premium during January-October, 2010, up 21% compared with a year ago.

Company says the payments on insurance risks decreased by 24.4% to AZN 0.51 mln, during the same period.

Note that, total income stood at ANZ 4.39 mln, expenditure at AZN 3.67 mln, during the period of report. The balance profit of the company reached AZN 0.72 mln, down by 2.7 times compared with a year ago.

AtaSigorta has been in existence since 2004. The company operates 22 voluntary and 5 compulsory insurance types.
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