Azerbaijan Caspian Shipping Company JSC (ASCO) announced its financial statements for 2023, Paralel.Az-Economics reports citing company's financial reports.

Noted that last year ASCO's net profit decreased by 33.2% compared to the previous year and amounted to AZN 43 million 685 thousand. In 2022, the company made a net profit of AZN 65 million 441 thousand.

Recall that ASCO was founded in 2014. Its authorized capital is AZN 440,051 million. The company is 100% state-owned.