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Monday 21 September 2020
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Tunisia: Air Liquide Tunisia improves its half-yearly profits by 57% to 10 MD

The Tunisian subsidiary of the world leader in gases, technologies and services for industry and health, Air Liquide Tunisia said it had achieved a net profit up 57% in the first half of the current year to 10 million dinars, from 6.4 million a year earlier.

However, the company saw its turnover decline by 10% from 17.5 million dinars to 15.7 million dinars between June 2019 and June 2020.

These revenues include revenues from sales of gas and equipment during the first half of the year.

Similarly, the cost of sales fell by 10.6% to 12 million dinars, compared to 13.4 million a year earlier.

As a result, gross margin fell from 4.1 million dinars at the end of June 2019 to 3.8 million dinars at the end of the first six months of the year.

Therefore, the operating income for the period is down 39% to 1.6 million dinars, compared to 2.6 million dinars at the end of June 2019.

In addition, the rise in income from equity investments by 63% to 6.7 million dinars significantly increased the company’s net income.

These are the dividends paid by the subsidiary Air Liquide Tunisie Services for the year 2019.

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