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Azerbaijan: Debt of the Telecommunications Sector - AZN 639.6 Million
Source: abc.az
Source Date: Thursday, September 26, 2013
Focus: Health
Country: Azerbaijan
Created: Oct 08, 2013

Baku, Fineko/abc.az. According to the State Statistics Committee, in 2012 the negative balance of receivables and payables difference of ICT sector made AZN 238.6 million against AZN 160.5 million and was not covered by the operators’ profit.

In 2012 the profit of ICT sector was estimated at the level of AZN 193.7 million against AZN 242.4 million a year before.

At any rate, by 1 January 2013 accounts payable in the sector made AZN 639.6 million and accounts receivable – AZN 401million against AZN 512.4 million and AZN 351.9 million respectively a year before.

Over the last year the sector raised main funding cost from AZN 1.546 bn up to AZN 1.731 bn and the volume of provided services from AZN 1.236 bn up to AZN 1.420 bn. As a result, for AZN 1 of main funding cost only AZN 0.82 services are provided.

In 2012 added value in the sector increased from AZN 786.7 million up to AZN 869.4 million and investment volume decreased from AZN 408.7 million to AZN 307.3 million.

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