Partnership Fund Made a Profit of More than 134 Million

The international auditing company KPMG, a member of the so-called "Big Four", completed the financial audit of the "Partnership Fund", according to which the net profit of the fund in 2021 amounted to 134.9 million GEL.

According to the 2021 consolidated financial statements of the "Partnership Fund", all the main financial indicators of the fund are positive. Fund revenues increased by 13% and exceeded 1.6 billion GEL, while total liabilities decreased by 247.9 million GEL, which is 8% decrease compared to the previous year. In addition, net financial expenses are reduced by 448.4 million GEL.

It should be noted that according to the audit report, the net profit received from the investment activities of the "Partnership Fund" alone, excluding the state subsidiaries, amounted to 1.2 million GEL.