Georgia Capital (GB:CGEO) has released an update.
Georgia Capital PLC reported a strong financial performance in the first quarter of 2024, with notable growth in its Net Asset Value (NAV) per share and robust value creation across its portfolio companies. The company’s NAV per share increased by 8.6%, primarily driven by a significant increase in the value of listed and observable businesses, including a 27% rise in the Bank of Georgia’s share price. Private portfolio companies also demonstrated solid aggregated quarterly revenue and EBITDA growth, contributing to the company’s overall positive financial trajectory.
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