Land’Or, a company specializing in the production of cheese and derived products, has announced its financial results for the fiscal year 2024. Total sales fell slightly to 189.4 million dinars, compared with 191.9 million dinars in 2023.
This performance, down 1.3%, masks significant changes between the local and export markets.
Land’Or made a significant leap in the local market, where local sales rose sharply to 163.8 million dinars from 149.5 million a year earlier.
This increase of 9.6% reflects the company’s strengthened presence in the country and its good positioning to meet local demand. In contrast, export sales declined sharply. International sales fell by more than 40% to 25.5 million dinars, compared to 42.4 million in 2023.
In terms of operating expenses, Land’Or managed to keep costs under control. They amounted to 171.7 million dinars compared with 182.2 million in the previous year, a reduction of 5.8%.
This rigorous cost management enabled the company to improve its profitability.
This had a positive impact on net profit, which rose from 5.6 million dinars to 10.5 million dinars, a spectacular increase of 87.5%.
This performance demonstrates Land’Or’s ability to create value despite a mixed business environment.
