Economy
Posted: 3 years ago

Telasi is Operating at a Loss

"Telasi" is at a loss. The company announced a reduction in sales revenue in the face of the СOVID 19 pandemic.

According to the data of 6 months, "Telasi" received 190.59 million GEL from sales, while in the same period of 2019, the revenue exceeded 226 million.

Amid the pandemic, the volume of electricity consumed by the population as well as the commercial and industrial sectors has sharply decreased.

The total profit is negative (-1.6 million) and profit from operating activities (-53 million).

The half-year loss is 49.209 million GEL, after the 4.18 million profit in the first 6 months of last year.