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HomeNewsTunisia: ADWYA announces profit of 4.9 million dinars

Tunisia: ADWYA announces profit of 4.9 million dinars

The ADWYA Company has just announced that its Board of Directors had met on February 27th and closed the financial statements for the year ended December 31, 2017, showing a net profit of around 4.9 million dinars, up 80% from 2016.

During the year 2017, the company has achieved a turnover of 95 million dinars against 84 million a year ago, recording an increase of 13%, reads the release.
This performance comes from the increase in sales of generic drugs by 18% compared to 2016.

The company also points out that it achieved a gross operating income of 10.2 million dinars, posting an increase of 61% over the previous year, and a pre-tax profit of 6.5 million dinars, up 81.5%.
The Board has therefore decided to convene an Ordinary General Meeting on Friday, May 25, 2018 and to propose the distribution of a dividend of 0.140 dinar per share for the 2017 financial year against a dividend of 0.240 dinar for 2016.

In addition, the company will hold the same day an Extraordinary General Meeting to deliberate on a capital increase of 936 thousand dinars by incorporation of reserves.

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