Energy
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SOCAR Reports $1.1b Loss

SOCAR Reports  $1.1b LossSOCAR Reports  $1.1b Loss

Azerbaijan's state energy company SOCAR reported a 1.785 billion manat ($1.15 billion) net loss for 2015, compared to a net profit of 1.274 billion manat a year earlier, the company said on Friday. The state company's total revenue in 2015 was 33.103 billion manat, down from 39.674 billion manat in 2014, Reuters reported.

 

Financialtribune.com