Azercosmos OJSC

Azercosmos exports services worth $19m in Q1

Azerbaijan’s satellite operator Azercosmos OJSC exported services (satellite telecommunications and optical satellite services) worth $19.1 million to 26 countries in the period between January and May in 2020, the Center for Economic Reform Analysis and Communication revealed in its “Export Review” on June 30.
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Azercosmos' revenues spike by 41pct in 2019

Azerbaijan’s satellite operation “Azercosmos” OSJC ended 2019 with a net profit of $2,13 million (AZN3.62 million), while the company's total profit was $8,27 million (AZN14.04 million), the company reported in its report on financial results for 2019 on May 31.
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Azercosmos increases revenues by third in Q1 2020

In January-March 2020, the revenues of Azerbaijan’s state-owned satellite operator Azercosmos generated $11.7 million from the provision of telecommunication and Earth Observation services, which is 33 percent higher compared to the same period of 2019, the official website of the operator reported on April 20.
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Azercosmos' income up by 83 percent

Azercosmos is the only satellite operator in the Caucasus. Having launched Azerbaijan’s first-ever satellite Azerspace-1 in February, 2013, the company provides highly reliable satellite-based communication services to enterprise and government customers for DTH, voice, video, data and mobile applications.
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