Tbilisi (GBC) - According to the financial statements of 2021, "Chiaturmanganum Georgia" increases its income by 208% to 189 million GEL compared to the pandemic year (2020). The cost of goods sold to the company (RST) increases by 73.9% to 94 million GEL, therefore the total profit of the company is fixed at 95 million GEL. This data is 1196.9% higher than the same indicator of the same period of the previous year.

During this period, the assets of the company increased by 48% to 105.7 million GEL, and the capital increased by 88.9% to 66.8 million GEL.

The company increased distribution expenses by 102.1% to 8.5 million GEL, and general and administrative expenses by 15.9% to 5.5 million GEL.

"Chiaturmanganum Georgia" was included in the 10 largest exporting companies of 2022. Accordingly, the list of top exporters for this period is as follows: The list of top 10 exporting companies in October 2022 looks like this:

ADS Borjomi Georgia/ Ltd. ADS Borjomi S/F of Beverage Company; RMG Copper; Nitrogen of Rustavi; Caucasian Metals Terminal; RMG Gold; Adjara textile; Caucasus auto import; Toyota Caucasus; Chiaturmanganum Georgia; G. M. Pharmaceuticals.

Chiaturmanganum Georgia LLC was founded in 2008. The main activity of the company is the production of different types of manganese ferroalloys (ferromanganese, ferrosilicomanganese and ferrosilicon) production and sale, which is mostly produced using imported manganese ore. Most of the manganese ferroalloys are exported from Georgia, mainly to the European Union, CIS, USA, Turkey and Iran.

The owner of 100% of the company's share is an international business company

Greenfield Financial Corp /Seychelles/.

Greenfield Financial Corp /Seychelles/.

Chiaturmanganum Georgia

2021

2020

%

Revenue

189

61.4

208

Total Profit

95

7.3

1197

Assets

105.7

71.4

48

Capital

66.8

35.3

88.9

Distribution Expenses

(8.5)

(4.2)

102

General and human capital expenditures

(5.5)

(4.7)

15.9

 

 

 

 

 

 

 

Sum MLN GEL