In Azerbaijan, the construction products manufacturer Marmar
Construction OJSC achieved a net profit of 12.75 million manats in
2023, Azernews reports.
In comparison, the company's net profit in 2022 was 2.6 million
manats, meaning it earned five times more in the last year.
According to the company's audit report, Marmar Construction
earned 84.99 million manats in revenue last year, more than 2.5
times the 33.31 million manats reported in 2022.
The cost of the company's sales was 61.73 million manats,
resulting in a total profit of 23.26 million manats.
Following last year's net profit, the undistributed profit on
the company's balance sheet increased to 12.65 million manats. The
company has a charter capital of 1.5 million manats and net assets
amounting to 14.15 million manats.
Last year, the company distributed 1 million manats as dividends
to its shareholders.
It should be noted that Marmar Construction OJSC was founded as
an LLC in 2017, became a closed joint-stock company in 2023, and
transitioned to an open joint-stock company in 2024. Hurzat
Akhundova Adil gizi owns 100% of the company's 1.5 million manats
worth of shares. As of the end of 2023, the company employed 375
people.
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