City Cars, official dealer of the KIA brand in Tunisia, recorded a significant drop in sales, at the end of the first quarter of 2025.
Revenues amounted to 71 million dinars, compared to 90 million dinars in the same period last year, a decrease of 21.1%.
This underperformance was mainly due to a decline in the volume of new car imports, which were significantly lower than in the first quarter of 2009.
By contrast, some secondary financial indicators showed a more favorable trend. Income from financial investments rose slightly to 1.3 million dinars, compared to 1.2 million dinars in the previous year, an increase of 2.7%.
This reflects the prudent and profitable management of the company’s cash surpluses.
Net cash stood at 49.4 million dinars at March 31, 2025, compared to 50.5 million dinars at the same date in 2024, representing a slight decrease of 2.2%.
This decrease remains moderate and reflects the company’s ability to maintain an overall stable financial position despite the decline in activity.
Finally, the wage bill totaled 1 million dinars during the quarter, confirming the company’s careful management of operating costs.
