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HomeNewsTunisia: Euro-Cycles increases its net profit by 21% in H1

Tunisia: Euro-Cycles increases its net profit by 21% in H1

According to its interim financial statements for the six months ended June 30, 2017, Euro-Cycles reported net income of 10.7 million dinars in the first six months of the year, compared with 8.8 million a year earlier, i.e. up 21.5%.

The company’s half-yearly revenues grew by 14.4% to 45.9 million dinars against 40.1 million at the end of June 2016.

Operating expenses grew from 34.4 million dinars to 39.5 million, up 14.8%.

The operating result for the period thus rose by 12.1% to 6.4 million dinars against 5.7 million a year earlier.

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