Georgia Capital PLC - Tbilisi-based investor in businesses in Georgia - Reports net asset value per share of GEL54.48 at the end of June, or around USD17.00, up 16% from GEL46.80 at the end of March. Total portfolio value on June 30 is GEL3.25 billion, up 12% from GEL2.91 billion on December 31. Swings to pretax profit of GEL325.2 million in first half of year from loss of GEL554.5 million in same period last year.
"I believe that Georgia Capital is well positioned to deliver consistent NAV per share growth, while we will also continue to make progress on our two clear strategic priorities over the next few years: realising the value of one large private portfolio investment and divesting our sub-scale "other" portfolio companies," says Chief Executive & Chair Irakli Gilauri.
Current stock price: 628.70 pence
Year-to-date change: up 16%
By Josie O'Brien; josieobrien@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Georgia Capital (CGEO)