Georgian Telasi's revenue declines
BAKU, Azerbaijan, Sept.9
By Tamilla Mammadova – Trend:
Georgian electricity distribution Telasi company announced a reduction in sales revenue in the face of the СOVID 19 pandemic, Trend reports via Georgian media.
According to the data for 6 months, Telasi received 190.59 million laris ($62.02 million) from sales, while in the same period of 2019, the revenue exceeded 226 million laris ($73.5 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 (-1.6 million laris/$520,688) and profit from operating activities (-53 million laris/$17.2 million) are negative.
The half-year loss is 49.20 million laris ($16.01 million), after the 4.18 million laris ($1.3 million) profit in the first 6 months of last year.
Telasi is one of the largest electricity distribution companies in Georgia, which distributes electricity in Tbilisi. The company supplies electricity to more than 600,000 consumers.
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