Nestle increased its income and profit in Georgia.
"Nestle Georgia", a subsidiary of the French Société des Produits Nestlé, ended 2022 with a 28% increase in total sales. The company's assets were GEL 93.2 million, net assets increased by 33.1% amounting to GEL 71.1 million.
Net Proceeds From Contracts With The Customers
Nescafe - GEL 20.508 million
Confectionery - GEL 18.418 million
PetCare - GEL 15.973 million
Nutrition For Kids - GEL 7.455 million
Breakfast Cereal - GEL 5.665 million
The company's management report revealed that major growth accounted for confectionery, pet care and baby food.
In 2022, the company received a profit of GEL 12.243 million (GEL 3.676 million in 2021) and significantly improved its operational results compared to the previous period.
Nestlé is the world’s largest food and beverage company with more than 2000 brands ranging from global icons to local favourites, and are present in 190 countries worldwide.
