ENNAKL Automobiles Group’s consolidated revenues increased by 5.5% at the end of the first half of 2024, compared to the same period in 2023, rising from 329.7 million dinars to 347.9 million dinars.
The net margin reached 65.3 million dinars compared to 59 million dinars in the first half of last year.
The Group’s operating profit decreased from 32.9 million dinars to 31.9 million dinars. This slight decrease was mainly due to an increase in distribution costs, which rose from 17.7 million dinars to 23.2 million dinars.
The Group recorded a decrease in net financial expenses to 2.7 million dinars and an increase in investment income to 8.6 million dinars, compared to 5.2 million dinars at the end of June 2008.
As a result, the first half of the current year ended with a consolidated net profit of 29 million dinars, compared with 21.8 million dinars at the end of June 2023, an increase of approximately 32.7%.
Consolidated investments in the first half of 2024 amounted to 7 million dinars, compared with 4.1 million dinars in the same period of 2023.
The Group completed the liquidation of AFCAR, in which it held a stake of 4.2 million dinars.
To this end, the Parent Company recorded a reversal of the provision and a loss in respect of this investment.
