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How Much Revenue Does Agrohub Have?

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Natia Taktakishvili
22.11.22 16:00
785
Supermarket chain "Agrohub" has published its 2021 financial report. According to the document, last year the company's income increased by 22% and reached GEL 154 million. In addition, the net profit of the company increased by three folds and reached GEL 12 million.

"Agrohub" is represented by three supermarkets throughout Georgia, two of them are located in Tbilisi, and one is located in Batumi. In addition, the company expects to open two more supermarkets in the next two years and, accordingly, to double its income.

As of the financial report, the company had general and administrative expenses of GEL 16 million. Additionally, it is indicated that the company had interest expenses of GEL 2.6 million and non-operating income of GEL 3.4 million. As a result, "Agrohub" made a net profit of GEL 12.4 million.

According to the report, the assets of "Agrohub" amount to GEL 65.5 million. According to the document, the owner of 100% of the company's share is businessman Akaki Akhvlediani.