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UniLeasing increases cost of leased equipments by 30%

UniLeasing increases cost of leased equipments by 30%

16 February 2012 10:30 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2012, Azerbaijan-based UniLeasingâ€™s leasing portfolio stood at AZN 32.857 mln, down 6.2% from year earlier.

Company says number of leasing contracts rose 18% to 1,748, cost of leased equipments soared 30% to AZN 75.002 mln.

Investments in economy dropped 7.3% to AZN 17.407 mln, authorized capital remained unchanged at AZN 1.8 mln.

Assets grew 32% to AZN 47.506 mln., total capital increased by 2.2% to AZN 5.529 mln.

Total income surged 4.5% to AZN 6.3 mln, expenditures wnet up 27% to AZN 5.627 mln. Consequently, profit slipped 56.5% to AZN 673,000.

Remind that, UniLeasing has been in operation since 2004.

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