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Monday 21 September 2020
Home News Tunisia: Attijari Leasing reports net result showing deficit in H1

Tunisia: Attijari Leasing reports net result showing deficit in H1

The company Attijari Leasing published its interim financial statements closed on June 30, 2020.

These statements show a net half-yearly loss of 425 thousand dinars, against a profit of 581 thousand dinars at the end of June 2019.

The company’s total half-yearly revenues amounted to 26.5 million dinars, compared to 27.6 million a year earlier.

Net financial expenses for the period were 19.5 million dinars, compared to 20.9 million as of June 30, 2019.

As a result, the half-year operating income before provisions is down slightly by 6% to 2.6 million dinars, compared to 2.7 million a year earlier.

On the other hand, net allocations to provisions for customer risks increased by more than 1 million dinars in the first half of the year, from 1.9 to 2.9 million dinars between June 2019 and last June.

To this end, the operating result for the period falls into the red with a deficit of 501 thousand dinars, against a profit of 761 thousand dinars at the end of June 2019.

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