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HomeNewsTunisia: ADWYA announces 23% drop in H1 revenues

Tunisia: ADWYA announces 23% drop in H1 revenues

The company ADWYA has achieved in the first half of the current year a turnover down 23% compared to the same period last year to 34.2 million dinars.

This is mainly due to the combined effect of the decline in sales of licensed products by -28%, Generic products by 19% and Hospital products by 67% and the increase in Export sales by 219%, an additional 1 million dinars.

On the second quarter alone, the turnover increased by 31% to reach 20.3 million dinars and this, thanks to the sales of licensed products and Generics products which increased by 56% and 26% respectively, besides 656 thousand dinars additional from export sales.

In addition, the debt structure amounted to 39.4 million dinars at the end of June 2021, i.e. an additional 8.7 million compared to the end of March 2021, mainly to finance the operating cycle, and a repayment of credit of 751 thousand dinars.


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