According to the 2016 financial report, net annual profit of JSC Georgian Oil and Gas Corporation has increased 2,5 times compared to 2015 and amounted to 78 mln GEL.
In 2016, operating income also increased and made 149.6 mln GEL, which is 65,5% higher than similar value of 2015. In 2015, operating income of the Corporation was 90.4 mln GEL and total assets increased by 12,6%, which made 1.6 mln GEL.
According to the 2016 accounting report, net operating cash flow also increased up to 159.1 mln GEL.
In 2016, income generated through power generation and supply made 184.4 mln GEL (in 2015 – 48.7 mln GEL) and operating income of this segment was 102 mln GEL (in 2015 – 23.7 mln GEL).
Total income of the Corporation in 2016 also increased and made 633.6 mln GEL, which is 27% higher than in 2015. In 2015, this income amounted to 495.4 mln GEL.
