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SOFAZ increased its net profit by 24% last year

Net profit of State Oil Fund of Azerbaijan (SOFAZ) made up AZN 5,360 bln. in 2020, which is 24% more in annual comparison, APA-Economics reports citing financial report of SOFAZ.

Operational revenues of the fund was AZN 5,327 bln. which is 19,9% more in annual comparison. Net income from gold bars which make up the main part of revenues was AZN 2,060 bln.

Source: Azeri-Press News Agency