COVID-19 pandemic negatively affects Georgian Sarajishvili's company
BAKU, Azerbaijan, Sept. 22
By Tamilla Mammadova – Trend:
The COVID-19 pandemic has negatively affected Georgian Sarajishvili's strong drinks manufacturing company, Trend reports via Georgian media.
Net profits in the first half of 2020 marked 1.44 million laris ($447,281), while total incomes marked 12 million laris ($3.7 million), including 17 percent was raised from the domestic market.
Incomes in the same period of 2019 marked 16.4 million laris ($5.09 million) and net profits amounted to 4.3 million laris ($1.3 million). Despite the declining incomes, Sarajishvili company increased investments. In the first half of 2010, the company implemented projects of 5.3 million laris ($1.6 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 0.6 million laris ($186,367).
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