AtaLizinq Summed up 2009 Finance Year Results
OREANDA-NEWS. February 03, 2010. Leasing portfolio of “AtaLizinq” OJSC for 31 December, 2009 has made AZN 3.828 million. Leasing portfolio increased by 9% in comparison with the analogical period of 2008. 34 leasing agreements were signed in 2009, and 104 leasing agreements were on operation. Cost of leased equipment totaled AZN 1.69 million, reported the press-centre of AtaHolding.
During 2009 investments in domestic economy reached volume of AZN 2.45 million. By the end of 2009, 95.13% of AtaLizinq’s portfolio fell on the share of Baku and the rest 4.87% on regions (Guba 1.11%, Mingachevir 1.45%, Sumgait 0.50%, Davachi 1.14%, Geychay 0.21%, Imishli 0.23%, Lankaran 0.23%). Indicators of portfolio on sectors were as following: construction 27%, industrial production 9%, transport 40%, food industry 7%, trade 10%, road infrastructure 1%, sector of services 5%, communications 1%. Due to agreements signed in 2009, AtaLizinq completed the reported year with profit.
In comparison with the appropriate period of the last year, actual assets of “AtaLizinq” OJSC increased by 10% and made AZN 3.85 million. During the report period income of the company profit of the company increased 21.5% and made up AZN 1.148 million. Profit totaled AZN 296,000 and net profit made AZN 231,000.
According the results of 2009 ROE made 23.1% and ROA 5.7% and in comparison with 2008 reduction was observed in ROE 4% and ROA 2% . “AtaLizinq” OJSC was established by AtaHolding and AtaBank and has been operating since 2004 with charter capital of AZN 1 million.
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