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Home News Tunisia: ADWYA reports 8% decrease in income to 89 million dinars in...

Tunisia: ADWYA reports 8% decrease in income to 89 million dinars in 2020

ADWYA announced a turnover of 97.9 million dinars in 2020, against 106.2 million a year earlier, recording a decline of 7.7%.

The decline was mainly due to the combined effect of lower sales in the “under license” line, down 14.2%, and falling sales in the “generic” line, down 2.5%, and the increase in sales of the “hospital” and “export” lines, up 34.4% and 75.6% respectively.

As of December 31, 2020, investments reached 6.6 million dinars, mainly for the renewal of industrial equipment and tools and the acquisition of a new line.

As for the total outstanding debt, it amounts to 37.2 million dinars, with a repayment of 742 thousand dinars and 176 thousand dinars in Long Term Credit and leasing contract and the use of 8.8 million dinars under the Management Credits.

The company’s total workforce has increased from 554 employees in 2019 to 503 at the end of December 2020.

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