Dealer ENNAKL Automobiles reported a 7.8% decrease in revenues in 2024 compared to 2023, from 645.1 million dinars to 594.7 million dinars.
Financial expenses decreased by 39.7% from 7.2 million dinars at December 31, 2023 to 4.3 million dinars at the same date in 2024, mainly due to lower discounting costs.
As at December 31, 2024, cash and cash equivalents amounted to 27.3 million dinars compared to 10.4 million dinars in the previous year, an increase of 162%.
Income from investments, consisting mainly of dividends from equity holdings, reached 16.6 million dinars at December 31, 2024, compared to 10.4 million dinars at the same date in 2023, a significant increase of 60%.
The wage bill was 25.6 million dinars compared to 23.7 million dinars in 2023, an increase of 8.2%.
Capital expenditure grew from 4.5 million dinars in 2023 to 7 million dinars in 2024, reflecting the company’s strategy to maintain a pace of investment that will ensure sustainable growth.
