Tunisia: SOMOCER almost doubles its half-yearly profit

The SOMOCER Company has published its interim financial statements as of June 30, 2018.

These statements show a net profit of the period of around 1.78 million dinars against 957 thousand dinars during the same period in 2017, i.e. a total of 86% growth.

However, at the end of June, the company realized a turnover down 6% to 39 million dinars against 41.6 million a year earlier.

As for operating expenses, they went from 37 million dinars at June 30, 2017 to 32 million at the end of June, down 13%.

Operating income for the period was up by 7.3 million dinars, up 49% compared to the first half of 2017.

In addition, the net financial expenses of the company increased by 1 million dinars between June 2017 and June 2018 to 5 million dinars.

African manager Contribution Time: 30-Aug-2018 09:59 (GMT)
African manager Last Update Time: 30-Aug-2018 09:59 (GMT)