Bank Of Baku

Xalg Insurance ends Q1 on loss

Xalg Insurance ends Q1 on loss
# 20 May 2016 15:34 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of April 1, 2016, Xalg Insurance OJSC’s assets stood at AZN 51,581,738, down 0.83% from previous year.

 

Company says the long-term assets made AZN 1,336,718, short-term assets AZN 50,245,020.

 

Liabilities soared 2.3 times to AZN 28,935,324. Long-term liabilities amounted to AZN 28,910,507, short-term liabilities to AZN 24,818.

 

Authorized capital remained unchanged at AZN 32,516,000. Total capital dropped 42.5% to AZN 22,646,413.25.

 

The OJSC ended the first quarter on loss of 16,778,724.79.

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