Bank Of Baku

SOFAZ increased its net profit by 24% last year

Administrative building of SOFAZ

© APA | Administrative building of SOFAZ

# 01 September 2021 15:01 (UTC +04:00)

Net profit of State Oil Fund of Azerbaijan (SOFAZ) made up AZN 5,360 bln. in 2020, which is 24% more in annual comparison, APA-Economics reports citing financial report of SOFAZ.

Operational revenues of the fund was AZN 5,327 bln. which is 19,9% more in annual comparison. Net income from gold bars which make up the main part of revenues was AZN 2,060 bln.

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