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Azerbaijan's Silk Way West Airlines completes 1Q2022 with net profit

Finance Materials 2 September 2022 10:52
Baku, Azerbaijan Trend News Agency
Azerbaijan's Silk Way West Airlines completes 1Q2022 with net profit

Silk Way West Airlines LLС Azerbaijani cargo airline completed the first quarter of 2022 with a net profit of 602.3 million manat ($354.2), Trend reports citing the company's financial report.

According to the reports, the company's revenue amounted to 1.7 billion manat ($1 billion).

Administrative expenses of Silky Way West Airlines LLС amounted to 987.3 million manat, in the first half of 2022, salary and social expenses – 32.7 million manat ($19.2 million), other expenses – 45 million manat ($26.4 million).

The company's profit before taxes amounted to 768.1 million manat ($451.8 million), income tax payments - 165.8 million manat ($97.5 million).

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