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Georgia Capital PLC - holding company focused on investing in developing businesses in Georgia - Net asset value per share at end of September GEL37.84 - around GBP8.62 - up from GEL31.67 at end of June. Says "solid" third-quarter results across portfolio, with aggregated revenue growing 4.7% year-on-year.
"I am impressed by the management teams in our portfolio companies and the way in which they have handled this challenging year. However, the recent increases in Covid-19 cases have created renewed uncertainty, which could affect the pace of the expected economic recovery. While the range of possible outcomes remains, given our strong balance sheet and, in particular, our resilient portfolio, we are well placed to deliver continued NAV per share growth in the upcoming quarters," says Chair & Chief Executive Irakli Gilauri.
Current stock price: 487.00 pence
Year-to-date change: down 47%
By Lucy Heming;Â lucyheming@alliancenews.com
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