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Tunisia: ARTES makes Net Profit Share of the Group of more than 35 million dinars in 2017

Automobile Réseau Tunisien & Service –ARTES Company has published its consolidated financial statements as at December 31, 2017.

These statements show a Net Profit Share of the Group of 35.4 million dinars, up 20.5%.

In 2017, the Group’s revenues improved by 18% to 262.4 million dinars against 222.6 million a year earlier.

As for operating expenses, they went from 192.1 million dinars at the end of December 2016 to 225.5 million last year, up 17.4%.

For this purpose, ARTES Group’s operating profit rose by 21% to 37.7 million dinars against 31.2 million in 2016.

It is noted that the ARTES Group is composed of eight companies: ARTES, ARTEGROS, ADEV, ARTIMO, AUTRONIC, VEDEV, SIDEV and Wallys Services operating in the Automotive sector (sale of vehicles, sale of spare parts and manufacture of electronic equipment mainly automotive, filter manufacturing), in the real estate development sector and in the investment and development sector.

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