23rd Feb 2022 14:11
Georgia Capital PLC - Tbilisi-based investor in businesses in Georgia - Net asset value per share at the end of 2021 stands at GEL63.03, about GBP15.44, up 5.5% from GEL59.77 at the end of the third quarter and up 31% from GEL48.12 a year before. Total NAV is GEL2.88 billion, about GBP706.5 million. Net income totals GEL128.2 million in the fourth quarter of 2021, down 73% from GEL475.3 million a year before, but for all of 2021, net income is GEL681.4 million, more than doubled from GEL308.5 million in 2020. Georgia Capital says the key recent event was the sale of an 80% stake in waterworks Georgia Global Utilities JSC to Spain's FCC Aqualia for USD180 million, a 30% premium to the stake's assessed value back in June of last year. Read More
