Household appliance trading companies in Georgia published Financial Report 2020. According to the document, leading players of the market finished last year with growth due to the increased demand on laptops and mobile phones. In addition to that, online platform has become an important channel for companies in 2020.
Financial Results of Household Appliance Trading Companies:
1. Alta and its subsidiary:
• Income in 2020 – GEL 271 million, an increase of 8% over the previous year;
• Net profit in 2020 – GEL 14.6 million, an increase of 134% over the previous year;
• Assets volume in 2020 - GEL 114 million.
2. Elit Electronics
• Consolidated income in 2020 - GEL 181.7 million, an increase of 2.5% over the previous year;
• Consolidated net profit in 2020 - GEL 4.7 million, an increase of 274% over the previous year;
• Assets volume in 2020 - GEL 84.4 million.
3. Zoommer Georgia
• Consolidated income in 2020 - 176.4 million GEL, an increase of 5% over the previous year;
• Net profit in 2020 - 2.28 million GEL, an increase of 96% over the previous year;
• Assets volume in 2020 - GEL 21.16 million.
