"Azerkhalcha" OJSC announced its financial report for 2021.

Referring to the report, "APA-Economics" informs that OJSC ended last year with a net loss.

So, last year the sales income of "Azerkhalcha" was 1.6 million manats (3 times less than in 2020), the cost of sales was 1.2 million manats (3.8 times less), other income was 412 thousand manats (2 , 8 times less).

During this period, the administrative and operational costs of "Azerkhalcha" decreased by 18% to 4.2 million manats, and the interest income was equal to 182 thousand manats.

It should be noted that OJSC had no interest income in 2020.

In general, the operating loss of "Azerkhalcha" increased by 12% last year to 3.8 million manats, and its net loss decreased by 2.6% to 3.2 million manats.

At the beginning of this year, JSC's assets increased by 3.9% to 102,796 million manats, liabilities decreased by 2.7 times to 385,000 manats, and the balance capital decreased by 3.4% to 102,411 million manats.

It should be noted that according to reports, "Azerkhalcha" has been operating at a loss for four years.

In addition to 2020, 2021, OJSC announced a net loss for 2019 and 2018.

The total accumulated loss of the joint-stock company was equal to 17.04 million manats, which increased by 23% in the last year.