Technika Leasing increases Q1 profit by 2.5 times

Technika Leasing increases Q1 profit by 2.5 times
# 19 April 2011 08:32 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Technika Leasing’s leasing portfolio stood at AZN 3.352 mln, up 1.8% from year earlier.

Company says number of leasing contracts declined 17% to 20, cost of leased equipments slipped 5.9% to AZN 2.960 mln, authorized capital soared by 2.4 times to AZN 6 mln.

Income slid 52% to AZN 29.530 thousand, expenditure dropped 6 times to AZN 8.757 thousand. Profit rose 2.5 times to AZN 20.773 thousand.

Remind that, Technika Leasing has been in operation since 2006.
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