Accounts Chamber: four out of five large state-owned companies did not pay dividends to the budget

In the state budget for 2021, the forecast for dividends received by enterprises with a state share of shares in the amount of 168 million 50 thousand manats was fulfilled at the level of 127 million 24.2 thousand manats, or 24.4% less, APA reports citing Accounts Chamber.

It is noted that of the five large state-owned companies, only Azerbaijan Caspian Shipping Company CJSC paid dividends in the amount of 5 million manats. OJSC “International Bank of Azerbaijan” fulfilled the approved forecast in the amount of 107%, CJSC “Agrarcredit” and OJSC “Azerlotoreya” – in the amount of 100%. Azer Turk Bank OJSC and Consumer Goods Expertise Center LLC, despite the forecast, did not pay dividends to the budget.

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