Audit and consulting company AGIC conducted research on bread production industry benchmark survey.
The data used in the study are taken from the website of the Reporting Portal, where the annual financial statements are published by the legislation of Georgia.
These companies fall into the second and third categories, of which only five are audited.
This information is based on 2018 data, the focus is on the leading companies in the market, the number of which is 20.
The study focuses on a review of the bread market, specifically exports and imports, with data from the International Trade Center’s website.
Results of the Research
The study focuses on existing bread companies with a total turnover of more than 240 million GEL, a total assets of 96 million GEL, and a total profit of up to 11 million GEL before tax.
The study identified industry-leading companies in terms of revenue, assets, and profits.
The analysis of the data showed that Georgian companies in the bread industry have the following financial indicators: return on assets averaged 14% (ROA), return on equity (ROE) 18%.
To see the full version of the research, follow the link