GIF Filter’s revenues recorded a 53% drop in 2021 compared to those achieved a year earlier, to 1.3 million dinars, from 2.7 million at the end of December 2020.
The company, which did not make any export sales last year, saw its local turnover fall by 28% compared to the previous year.
As for production (in volume), it suffered a decrease during of 54% in 2021, compared to 2020.
The outstanding debt saw an increase of 17% to reach 3.9 million dinars, while the company’s net cash position amounted to 1.7 million dinars as of 31/12/2021, compared to 1.7 million dinars a year earlier, up 5%.
