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HomeNewsTunisia: City Cars increases its revenues by 14% at end November

Tunisia: City Cars increases its revenues by 14% at end November

The company City Cars, dealer of the car brand KIA in Tunisia, announced that its Board of Directors met Tuesday, December 15, 2020 and reviewed the company’s activity at the end of November.

Over the first eleven months of 2020 the company shows a growth of 14.3% of its revenues to 206 million dinars, compared to 180.2 million during the same period in 2019.

As for the gross margin, it amounted to 32.1 million dinars, against 23.1 million a year earlier, up about 39%.

At the end of November, the KIA brand held a 13% share of the Passenger Car (PC) market, with 4,303 registrations, up 12.8% compared to the first eleven months of 2019, confirming its leading position in the PC market for the second consecutive year.

The achievements of the first eleven months of 2020 would probably enable the company to close the 2020 financial year with an improved commercial and financial performance compared to the 2019 financial year, says the dealer’s press release.

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