ECONOMY


SOCAR made net profit of AZN 651m in 2019

Baku, July 1, AZERTAC

The State Oil Company of Azerbaijan (SOCAR) said it made AZN 5.8 billion in gross profit in 2019 according to the audited financial statements. The company's net profit amounted to AZN 651 million.

“In the reporting year, SOCAR's current assets amounted to AZN 19.2 billion, and current liabilities made AZN 17.3 billion. SOCAR's long-term assets amounted to AZN 46.2 billion, long-term liabilities totaled AZN 23.8 billion,” the company said.

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