"Teleradio" Production Union ended last year with a loss

"Teleradio" Production Union ended last year with a loss
 
"Radio-Television Broadcasting and Satellite Communication" ("Teleradio") Production Union under the Ministry of Digital Development and Transport ended 2021 with a net loss of 372 thousand manats. However, the institution had a net profit of 727 thousand manats from 2021.

Qazet.az reports that last year the income from the sale of services of "Teleradio" Production Union was 10,696 million manats (11.5% less than the previous year), the cost of its services was 6,505 million manats (0.3% less), other income was 3,000 manats (unchanged), general and administrative expenses 4,108 million manats (2.8% less), provisions for impairment of financial assets 289,000 manats (33.2% more), loss from exchange rate difference 35,000 manats (no previous year), profit tax payments amounted to 134 thousand manats (66.2% less).