Economics and Business
Referential and Reviewed International Scientific-Analytical Journal of Ivane Javakhishvili Tbilisi State University, Faculty of Economics and Business |
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Journal number 4 ∘ Gela Tsitelashvili ∘ Topical Issues of Assessing Profitability and Financial Stability of Georgian Mobile Operators The aim of this article is to research and analyze of profitability and financial stability of leading Georgian telecommunications companies and prepare respective conclusions and recommendations based on the given research. Given analysis is performed based on pre-Covid pandemic period and during Covid pandemic period financial information and based on given research were made respective conclusions and recommendations. We determined potential improvement steps, which should be taken by the company to improve future financial stability and profitability. Based on performed research and analysis, we identified, that the pre-pandemic period financial stability of JSC “Silknet” and LLC “Vioni Georgia” was higher, than during the pandemic period, when most indicators of companies’ profitability deteriorated, including gross profit margin and operating profit margin. Performed research resulted in the following conclusions: Profitability is variable during the analytical period, companies sometimes suffer from loss, JSC “Silknet” and LTD “Vioni Georgia” do not have financial independence. Regarding LLC “Magticom”, its profitability during the analytical period has improved significantly, which is caused due to correct cost management. To improve profitability, the following recommendations were established :
Keywords: Profitability, profit, factorial analysis, factorial analysis of profitability. JEL Codes: E44, L 63, P34. |