Bank Of Baku

AtaSigorta gets 28% decline in profit

AtaSigorta gets 28% decline in profit
# 24 January 2011 15:01 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based AtaSigorta has collected AZN 4.240 mln insurance premium in 2010, up 41% compared to previous year.

Company says the payments on insurance accidents rose 48% to AZN 1.070 mln.

At the same time, total income made AZN 6.062 mln, total expenditure – AZN 5.212 mln. Balance profit dropped 28.4% to AZN 0.850 mln.

Remind that, AtaSigorta has been in operation since 2004. The company operates 23 voluntary and 5 compulsory insurance types.
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