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Tuesday 15 June 2021
HomeNewsTunisia: ASSAD’s sales from exports down 15%

Tunisia: ASSAD’s sales from exports down 15%

Assad Company’s ’s sales on the local market for the first half of 2013 increased by 9.1% compared to the same period of 2012, from 11 to 12 million Tunisian dinars (MTD)

For export, sales fell 15.9%, from 17.8 MTD to 15 MD. For the second half and based on intentions of customers’ orders, Assad expects a good recovery in export sales.

Production in the first half of 2013 decreased by 2.5% compared to the same period of 2012. Investments in that semester were about 3.9 million dinars.

The total debt of the company grew by 27%. It rose from 37.6 million dinars at December 31, 2012 to 47.7 MTD to June 30, 013.

Regarding management credit, this increase is temporary and it essentially results from purchases for the establishment of a stockpile before the annual closure and for the high season.

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