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Teliani Valley’s Revenues from Product Sales Drop 2.5-fold

Teliani Valley’s Revenues from Product Sales Drop 2.5-fold

JSC Teliani Valley’s revenues from product sales have dropped 2.48-fold.

The company’s financial accounts reveal that the group’s revenues from product sales during the first half of the year amounted to GEL 11.89 million – a substantial decrease from the figure of GEL 29.5 million posted during the same period last year.

In spite of the drop in sales, the group still posted a profit of GEL 821 000 for the January-June period, having suffered losses of GEL 1.2 million last year.

As of 30 June, the group owned assets worth GEL 68.23 million, with liabilities totalling GEL 11.5 million.

The aforementioned financial accounts represent the financial figures for JSC Teliani Valley and other members of its group (Teliani Trading Ltd. – 100% share; Le Caucase Ltd. – 100% share; Cupa Ltd. – 100% share; Teliani Trading Ltd. Ukraine – 100% share; Global Beer Georgia Ltd. – 100% share).