Georgian card reporting

For Q1 2008, GC is reporting a hefty 131.67% increase in revenue to GEL$1.06 million, compared to GEL0.6 million in Q1 2007. GC signed 3 new banking clients in the 2007. Operating profit for Q1 2008 was $66,435 compared with $(32,820) in the same period last year.

EBITD reached $66,474 for Q1 2008, compared to $(38,280) in Q1 2007. Net income rose to $56,504 in the quarter - represents an increase of 247.61% on the prior year.