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Friday 18 June 2021
HomeNewsTunisia: ADWYA increases turnover by 21% to 29 MD at end March

Tunisia: ADWYA increases turnover by 21% to 29 MD at end March

ADWYA’s turnover has risen by about +21%, or the equivalent of 5 million dinars, to 29 million dinars in the first quarter of 2020, compared to the first quarter of 2019.

This was mainly due to a 45% increase in sales of Generic products, with a contribution by 44% to 2020 sales (+7% compared to 2019), as well as an increase in sales of licensed products by around 12%, with a contribution by 52% to 2020 sales (-4% compared to 2019).

Investments reached 714 thousand dinars at the end of the first quarter of 2020 intended mainly for the renewal of industrial equipment and tools.

In addition, the outstanding debt at the end of last March amounts to 19.2 million dinars, compared to 24.3 million at the end of fiscal year 2019.

This decrease is mainly due to the repayment of bank loans and the decline in management credits by -28%.

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