Société Automobile Réseau Tunisien & Service -ARTES- has published its interim financial statements for the six months ended June 30, 2024. These statements show a net profit of 20.7 million dinars, compared with 9.2 million dinars at the end of June 2023, an increase of 126%.
At the end of the first six months of the current year, the car dealership achieved revenues of 120 million dinars, compared with 78.8 million dinars a year earlier, a 52% increase.
As for operating expenses, they showed an increase of 49.7%, rising from 68.4 million dinars to 102.5 million dinars between June 2023 and last June.
As a result, the operating profit for the period rose by 63.7% to 18 million dinars, compared to 11 million dinars at the end of June last year.
In addition, ARTES generated investment income of 10.1 million dinars compared to 4 million dinars in the first half of last year, up 148%.
