Carrefour to Operate at a Loss in Georgia

Revenue of 473.68 million GEL and the loss of 32.5 million GEL - Carrefour is running at a loss in Georgia.

The company owned two hypermarkets, 11 supermarkets, and 6 small markets in 2019.

In the last year, the revenue of the company was increased by 18,9 million, as well as total profit from 6,2 to 92.45 million GEL.

The loss of Carrefour is generally caused by the financial costs of parent companies. Otherwise, Carrefour has healthy cash flow, which is confirmed by the partial repayment of the loan of the parent company and full repayment of the loan of EBRD.

As for the income, the annual revenue was 473.68 million, from which 454.2 million is for the sale of the goods, and 5 million came from the listing and gondola. The company received 13 million from the customers and 0,6 million from the opening fee.