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Azerbaijan Investment Company did not pay dividends in last two years

Azerbaijan Investment Company did not pay dividends in last two years

24 May 2016 07:45 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. Despite Azerbaijan Investment Company OJSC’s profit in 2014 and 2015 relevantly stood at AZN 1,069,300 and AZN 17,385,500, it did not pay dividends to the state budget, except taxes, APA-Economics reports citing to the Chamber of Accounts.

As of January 1, 2016, AZN 58,883,300 was invested in OJSC’s shares. However, only an OJSC owning 25% share in the company paid AZN 4,927,800 dividend.

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