AtaSighorta gets 3.4 times rise in profit

AtaSighorta gets 3.4 times rise in profit
# 05 September 2008 15:05 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s AtaSighorta earned AZN 2.709 million in premiums during January-August, down 5.51% from a year earlier.
The company said payments for insurance claims rose 7.03% to AZN 388 836.
For the eight months, revenues reached AZN 3.412 million and expenditures AZN 2.516 million. Profit made AZN 896 263 million, up 3.4 times from last year.
AtaSighorta, owned by AtaHolding, has been in operation since 2004.
As of September 1, authorized capital stood at AZN 2 million. It provides 31 voluntary and 4 compulsory types of insurance services.
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