23.Sep .2022 12:00

How Much Revenue Does Coca-Cola Georgia Have?

How Much Revenue Does Coca-Cola Georgia Have?
views 610

Coca-Cola Bottlers Georgia, the largest producer of soft drinks in Georgia, has published its financial statements for 2021.

According to the document, the company's revenue hit a record high GEL 283.6 million last year, which was GEL 87.6 million more than in 2020. Consequently, Coca-Cola managed to increase its sales last year despite the pandemic difficulties.

According to the consolidated financial report, "Coca-Cola Bottlers Georgia" made a net profit of GEL 31 million in 2021.

The total value of the assets of "Coca-Cola Bottlers Georgia" is GEL 323 million. The owner of 87.47% share of the company is businessman Temur Chkhonia.

Since 2020, all the production lines of the company have moved to a new plant in Natakhtari, for which the company has signed a loan agreement with the German Investment Corporation (DEG), within the framework of which the company has received financing of EUR 18 million.