Georgia Capital PLC - Tbilisi-based investor focusing on domestic businesses in Georgia - Reports net asset value at March 31 was GBP21.41, up 6.4% from GBP20.12 at December 31, 2022. Notes its healthcare businesses are completing their gradual organic return to pre-pandemic levels of activity, while its non-healthcare businesses' continued strong performance is supported by the strength of the Georgian economy.
Explains the NAV growth was further supported by share buybacks for the management trust and the GEL's appreciation against the US dollar. Believes the company is well positioned to deliver consistent NAV per share growth over the medium to long term while also continuing to make significant progress on key strategic priorities.
Current stock price: 812.87 pence, up 1.6% in London on Wednesday
12-month change: up 43%
By Jeremy Cutler, Alliance News reporter
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Georgia Capital (CGEO)