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How Much Revenue Does Goodwill Have?

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Natia Taktakishvili
06.01.23 14:00
642
Goodwill, one of the largest hypermarket chains in Georgia, has published its 2021 financial report. According to the document, the company's income increased by GEL 11.5 million and amounted to GEL 148 million.

Goodwill's profit improved in 2021 and the supermarket chain finished the year with a net profit of 0.05 million, while it had a loss of GEL 4.8 million in 2021.

According to the financial report, the cost of goods sold by the company was GEL 118 million.

Sales By Segments:

• Own production - GEL 19.3 million;
• Dairy products - GEL 13.4 million;
• Fruits and vegetables - GEL 12.6 million;
• Meat products - GEL 12.4 million;
• Groceries - GEL 12 million;
• Cigarettes - GEL 11.6 million;
• Confectionery - GEL 10.7 million;
• Hygiene products - GEL 7.6 million;
• Alcoholic beverages - GEL 6.7 million;
• Non-alcoholic beverages - GEL 6.3 million;
• Coffee, tea - GEL 4.9 million;
• Frozen semi-finished products - GEL 4.2 million;
• Cleaning tools - GEL 3.6 million;
• Products - GEL 3.5 million;
• Small inventory - GEL 3.4 million;
• Bread - GEL 1.8 million;
• Other - GEL 9.2 million.

During 2021, a total of 5 hypermarkets and 2 Goodwill gourmet format stores were operating, with a total trading area of 12,528 sq.m. A hypermarket is considered a store with a trading area exceeding 1,000 square meters. Hypermarkets and supermarkets across Georgia are represented by the following locations: 7 locations in Tbilisi, 1 location in Batumi.

The assets of the company amount to GEL 46.9 million, while the current liabilities - GEL 34.8 million.