Baku Stock Exchange's Income For Last Year Disclosed

(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 10. Baku Stock Exchange CJSC (BSE) has published financial statements for 2023, Trend reports via BSE.

According to the information, the exchange incurred losses of 367,900 manat ($216,418) last year. Meanwhile, the institution's loss amounted to 256,000 manat ($150,589) in 2022.

During the reporting period, the Exchange's revenues increased by 3 percent and amounted to 2.2 million manat ($1.2 million), while operating expenses decreased by 0.3 percent and amounted to 2.7 million manat ($1.5 million). Thus, BSE's operating loss amounted to 489,200 manat ($287,770).

BSE's total assets decreased by 5.6 percent or 674,300 manat ($396,655) last year compared to the previous year and amounted to 11.2 million manat ($6.5 million), while total liabilities decreased by 8.7 percent or 124,200 manat ($73,060) and amounted to 1.3 million manat ($764,000).

The total capital of BSE amounted to 9.9 million manat ($5.8 million) as of January 1, 2024, which is 5.2 percent or 550,000 manat ($323,538) less than in the previous year.

To note, the Baku Stock Exchange with an authorized capital of 5.04 million manat ($2.9 million) was established on August 27, 1997.

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