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How Much Revenue Does Ivane Chkhartishvili's Tobacco Business Have?

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Natia Taktakishvili
20.09.22 19:00
563
Businessman Ivane Chkhartishvili's holding "Smart Capital Group" owns tobacco producing and distribution companies in Georgia - "Tbilisi Tobacco" and "Geo-Distribution".

Both companies have already published their 2021 financial reports. According to the report of "Tbilisi Tobacco", the company sold GEL 45.6 million of goods last year, which was GEL 11 million more compared to the previous year. According to the document, "Tbilisi Tobacco" had a net profit of GEL 20 million last year and it was twice as much compared to the previous year.

"Geo-Distribution", which is engaged in the distribution and sale of various tobacco products throughout the country, had a much larger income of GEL 167 million. The company earned a net profit of GEL 9 million in 2021.

About "Tbilisi Tobacco":

"The company buys raw tobacco products from international companies and sells tobacco products to Geo-Distribution LLC and foreign customers. As of December 31, 2021 and 2020, Smart Capital Production LLC is 100%-shareholder of the company.

As of December 31, 2021 and 2020, the shareholders of the company were: Ivane Chkhartishvili - 51%, Mikheil Chkhartishvili - 24.5% and Natia Chkhartishvili - 24.5%".

About "Geo-Distribution":

"The company supplies tobacco products to various clients on the territory of Georgia. 

The company's brands are:

• Pirveli;
• Pirveli Inter;
• Pirveli Premium Blue;

In addition to the tobacco business, "Smart Capital Group" is engaged in the operation of the Poti free industrial zone, trade in oil products, wine production and hotel operation.