The company City Cars has published its financial statements for the year ending December 31, 2024, which will be submitted for approval at the Annual General Meeting on May 30, 2025.
Revenues increased from 360.7 million dinars in 2023 to 364.2 million dinars in 2024, a rise of 3.5 million dinars (around +1%). Of this, 325.9 million dinars came from sales of new vehicles, while 21.8 million dinars came from sales of used vehicles.
Operating expenses totalled 326.9 million dinars, up from 321.3 million dinars at the end of December 2023 — an increase of around 1.7%.
Consequently, operating profit for the period was 37.7 million dinars, compared with 39.8 million dinars the previous year, representing a slight decline of 5%.
Additionally, net financial expenses more than doubled between 2023 and 2024, rising from 1.5 million to 3.7 million dinars.
Conversely, investment income went up from 7.5 million dinars to 8.6 million dinars.
Consequently, net profit for the year was 27.8 million dinars, compared with 30.1 million dinars in 2023 — a decline of 7.5%.
