Despite a 26 percent decline in profits, Georgian Capital is not  set to sell Greenway

Despite a 26 percent decline in profits, Georgian Capital is not set to sell Greenway

access_time2021-04-14 13:48:58

Investment company "Georgian Capital" has decided to sell parts of its companies in stages. The company’s annual report prepared for investors reads. According to the document, the office and tourist real estate business, as well as Georgian Beverage Holding, which combines Teliani Valley and the beer producer,   Greenway technical inspections centers and other companies were among the objects for sale.

Vakhtang Ebitashvili, General Director of Greenway, told Commersant that the investment company is not set to sell the technical inspection network in the near future.

"The reports about the Greenway company’s sale are not true and I emphasize as the General Director that we are not going to sell it in the near future a well," Vakhtang Ebitashvili notes.

Greenway technical inspections centers served 252,000 vehicles in 2020 that is 26% less than in  2019.


 

"Greenway company has been operating  on the market for more than 2 years. We have 11 service centers in Tbilisi, a total of 16 facilities that  operate throughout Georgia.


Compared to 2019, we suffered  a pretty big decline caused by the pandemic. Our  profits declined by 26 percent. As far as we know, all market players  involved  in the tech inspection industry are suffering  approximately the same decline.

But despite all the difficulties, Greenway is developing dynamically and our goal in the next few years is to strengthen domestic institutions, develop the industry globally and make a positive contribution to environmental and road safety.


თეგები:
commersant




Similar News

up