GOGC revenue increased 2.8 times

GOGC revenue increased 2.8 times

According to the 2017 financial report, net revenue of the JSC Georgian Oil and Gas Corporation increased 2.8 times, compared to 2016 and made 220.4 mln GEL. It is notable that in 2016 net revenue increased 2.5 times compared to 2015.

Operational revenue of the corporation also increased and it made 205.8 mln GEL (which is 37,6% more than in 2016, while in 2016 this amount was 149,6 mln GEL). total assets of the corporation increased by 5% and made 1.66 bln GEL.

According to 2017 report, significantly increased net cash flow of the company from operational activities, which made 231.9 mln GEL (in 2016, this amount was 159,1 mln GEL).

Total income of the company also increased and in 2017 it made 671,6 mln GEL (which is 6% more than in 2016, when it was 633,6 mln GEL).

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