Bank Of Baku

Azercell gets decline in revenues

 Azercell gets decline in revenues
# 22 April 2015 14:52 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of January 1, 2015, Azercell Telekom’s assets stood at AZN 716,762,000, up AZN 128,057,000 or 21.75% from previous year.

 

Company told APA-Economics that the total capital rose AZN 128,558,000 or 25.01% to AZN 642,558,000.

 

Liabilities fell AZN 501,000 or 0.67% to AZN 74,204,000.

 

Revenues declined AZN 25,146,000 or 5.49% to AZN 433,285,000.

 

Despite this, company’s profit made AZN 128,558,000, up 8.24% from 2013 due to reduction of expenditures AZN 31,520,000 or 10.29% in 2014.

 

Azercell’s profit in 2013 made AZN 118,773,000.  

 

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