Sarajishvili Company Implements Investment Projects of GEL 5.3 million in Pandemic Period

The COVID-19 pandemic has negatively affected Sarajishvili's strong drinks manufacturing company.

Net profits in the first half of 2020 marked GEL 1.44 million, while total incomes marked GEL 12 million, including 17% was raised from the domestic market.

Incomes in the same period of 2019 marked GEL 16.4 million and net profits amounted to GEL 4.3 million. Despite the declining incomes, Sarajishvili company increased investments. In the first half of 2010, the company implemented projects of GEL 5.3 million.

The financial resources were invested in arranging communication systems and re-equipment of the enterprise. According to the annual report, in the reporting period, the campy improved liquidity indicator, and the current coefficient rose to 12.7 from 8.1, while the quick coefficient rose to 4 from 3. In this period, the company’s debts declined by GEL of 0.6 million.

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Sarajishvili Company Implements Investment Projects of GEL 5.3 million in Pandemic Period

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Sarajishvili Company Implements Investment Projects of GEL 5.3 million in Pandemic Period

The COVID-19 pandemic has negatively affected Sarajishvili's strong drinks manufacturing company.

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 03

Georgia Sees Surge in Electric Vehicle Registrations 04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06