HomeNewsTunis: sales of Ennakl up 11 % in Q1 2014.

Tunis: sales of Ennakl up 11 % in Q1 2014.

The turnover of Ennakl, Volkswagen dealer, reached 51.159 million Tunisian dinars (MTD) until March 31, 2014, against 46.221 MTD in the same period in 2013, posting an increase of 11%.

The net cash position of the company amounted to 25.195 MTD to March 31, 2014 against a total of 49.611 MTD in the same period in 2013, representing a decline of 49.21 % mainly justified by increased regulations of foreign suppliers during this first quarter of 2014 compared to the same period of 2013, from a total settlement amount of foreign suppliers of 38.584 MTD in the first quarter of 2013 to a total settlement amount of foreign suppliers of 57.269 MTD in the same period of 2014, thus justifying the lower average settlement period for foreign suppliers.

Still in the first quarter of 2014, Ennakl launched the new Audi A3 Sportback in its sedan version.

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