The Georgian manganese trading company "Steel International Trading Company" has published its financial report for 2021. According to the document, during the last year the company increased its income by GEL 546 million to GEL 710 million. The profitability of the company improved dramatically, the company recorded a net profit of GEL 233 million instead of the existing 39-million loss in 2020.
As of the financial report, the main activity of the company is trade in ferrosilicon manganese, coke and coal.
"Steel International Trading Company LLC was established in 2018 in accordance with the legislation of Georgia. The owner of 100% of the company's capital is Giorgi Chelidze, an individual", - the document reads.
Since September 2019, the company owns the only coal mining company in the country, "Saknakshiri".
Company's revenues by the sold products:
Ferrosilicomanganium - GEL 489 million;
Coke - GEL 148.1 million;
Coal - GEL 24.7 million;
Fuel - GEL 14.7 million;
Other - GEL 33.6 million.
According to the financial report, the assets of the company amount to GEL 479 million, while the liabilities amount to GEL 325 million.
