Half Year 2019 Georgia Capital PLC Earnings Call Transcript
Ladies and gentlemen, thank you for standing by and welcome to the Georgia Capital First Half 2019 Analyst/Investor Call Conference Call. (Operator Instructions)
I must advise you that this conference is being recorded today, Thursday, 15th of August 2019. I would now like to hand the conference over to your first speaker today, Irakli Gilauri. Please go ahead.
Thank you. Thanks, everybody, for joining our first half earnings call. I will talk about the -- today about the demand and brief overview of macro, GCAP performance in terms of the [NAV G] announcement. I'll talk about the capital allocations and profit and cash flow generation at GCAP level. Giorgi, our CFO, will talk about the performance of our portfolio companies and the valuation of our individual portfolio companies. And in the end, I will update the outlook going forward.
On macro side, the world looks choppy, but what we are observing is, basically, the Georgia macro is performing well. And actually, the IMF upgraded
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