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HomeNewsTunisia: ATL Leasing triples its profits in H1

Tunisia: ATL Leasing triples its profits in H1

The company Arab Tunisian Lease (ATL) has tripled its half-year profits to 3.2 million dinars at the end of the first half of the current year, compared to 1 million dinars at the end of June 2020.

The first half of the year saw an increase in net leasing income by 62% from 10.8 million dinars to 17.4 million between June 2020 and June 2021.

This comes mainly from the rise in interest on receivables from leasing operations of 3.8 million dinars (13.7%), up from 27.9 million to 31.8 million.

Similarly, interest on arrears reached 817 thousand dinars (+113.6%) and leasing products stood at 240 thousand dinars (+22%).

In addition, there was a smaller increase in financial expenses for only 5% (969,533 dinars) following a slight increase in the average outstanding of 1.3% and the rise in the average rate by 36 bps and this despite the decline in the MMR on variable rate resources and the release of the line KFW at a favorable rate.

To this effect, the operating result before provisions emerges up 94% to 11.3 million dinars, against 5.8 million at the end of June 2020.

As a result, the operating income for the period rises by 270% to 5.7 million dinars, compared to 1.5 million a year earlier.

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