...

Coca-Cola Bottlers Georgia reveals volume of its net profit

Business Materials 6 November 2020 13:32 (UTC +04:00)
Coca-Cola Bottlers Georgia reveals volume of its net profit

BAKU, Azerbaijan, November 6

By Tamilla Mammadova – Trend:

"Coca-Cola Bottlers Georgia" had a net profit of 10.9 million lari ($3.2 million) in 2019, while "Iberia Refreshments" ended last year with a loss of 12.4 million lari ($3.7 million), Trend reports via Georgian media.

Coca-Cola Bottlers Georgia is the producer of Coca-Cola Company's soft drinks in Georgia, while Iberia Refreshment is the official distributor and representation in Georgia.

Both companies' audited financial reports for 2019 are public and it is possible to compare the global competitors in Georgia.

According to the 2019 report, Coca-Cola is the leader by sales in Georgia, as well as in other countries. The company's revenue in 2019 was as follows:

•Coca-Cola Bottlers Georgia - Revenue 171.9 million lari ($51.6 million);
•Iberia Refreshments - Income of 43 million lari ($12.9 million).

---

Follow the author on Twitter: @Mila61979356

Tags:
Latest

Latest