EURO-CYCLES has just published its consolidated interim financial statements for the period ending June 30, 2024. These accounts show a net profit of 4.5 million dinars compared to 1.8 million dinars last year, an increase of 150%.
This growth is the result of revenues increasing at a faster rate than operating costs.
In fact, the company’s revenues went up 10.4% to 54.3 million dinars, compared with 49.2 million dinars at the end of June 2023, while operating expenses increased by only 4% to 45.5 million dinars.
As a result, operating profit increased by 63% to 9.1 million dinars compared to 5.5 million dinars in the first half of last year.
