Délice Holding, a major player in the Tunisian food industry, has just published its interim financial statements for the first half of 2024, revealing a robust financial performance and significant growth in profits.
As at June 30, 2024, the company posted a net profit of 58.49 million dinars, an impressive increase of 86.79% compared to the same period last year.
This substantial increase is mainly due to a significant rise in dividend income, which reached 58.38 million dinars, compared to 31.20 million dinars in the first half of 2023, an increase of 87.14%.
Management fees, another source of income for Délice Holding, also increased from 1.30 million dinars to 1.68 million dinars, an increase of 28.85%.
This increase reflects the value added by the holding company to its subsidiaries in terms of services and management.
Total operating income went up by 84.81% to 60.06 million dinars compared to 32.50 million dinars in the previous year.
This remarkable performance has enabled Délice Holding to consolidate its financial position, with total assets now standing at 656.44 million dinars as at June 30, 2024, up 6.44% on June 30, 2023.
It is interesting to note that, despite this strong growth in revenue, operating expenses increased only moderately, from 1.34 million dinars to 1.41 million dinars, an increase limited to 4.86%.
This cost control is evidence of efficient management and successful operational optimization.
The financial structure of Délice Holding remains solid, with equity amounting to 621.03 million dinars at 30 June 2008, an increase of 4.84% over the previous year.
This financial strength will enable the company to continue its strategy of development and investment in its subsidiaries.
Earnings per share rose sharply from 0.570 dinars on June 30, 2023 to 1.065 dinars on June 30, 2024, up 86.84%. This significant improvement in profitability should be welcomed by shareholders.
The outlook for the second half of 2024 is promising, with a diversified investment portfolio and strong performing subsidiaries.
The company continues to pursue its strategy of growth and value creation for its shareholders, while remaining alert to development opportunities in the Tunisian agri-food sector.
The strong increase in dividends received from its subsidiaries testifies to the financial health of the Group as a whole and the relevance of its diversification strategy.
