The ENNAKL AUTOMOBILES Company achieved a turnover of 381.9 MD in 2017, up 6.1% compared to 2016.
The net cash of the company went down to 27.5 MD at the end of 2017 against 69.1 million at December 31, 2016, which corresponds to a 60.2% decline justified essentially by the company’s decision to pay some of its foreign purchases in 3 months instead of 6 months to minimize the currency risk, which negatively impacted the company’s cash position.
At the end of Q4-2017, financial income amounted to 9.8 MD compared to 10.6 million at the end of Q4-2016, i.e. a decrease of 7.28%.
The company emphasizes that it has obtained the “Das Welt auto” label certification which will allow it to start trade in used vehicles.