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HomeNewsTunisia: investment falls and bank commitments progress at SOMOCER

Tunisia: investment falls and bank commitments progress at SOMOCER

Third Quarter 2017 revenues at Abdennadher group’s SOMOCER amounted to 19.222 million dinars, posting a net increase of 27.95% compared to the same period of 2016, to 15.023 million dinars.

Total Revenues in the third quarter of 2017 amounted to 60.826 million dinars, an improvement of 23.39% compared to the same period in 2016, to 49.297 million dinars.

This performance resulted from a combined increase in local and export sales.

The local turnover thus increased from 45.194 million dinars to September 30, 2016 to 52.715 million dinars for the same period in 2017, up 16.64%.

Export turnover as of September 30, 2017 continued its upward trend since 2016 and recorded a significant increase of +97.72% from 4,102 million dinars to September 30, 2016 to 8,111 million dinars for the same period in 2017.

It should be noted that as part of its international development policy, the company has managed to capture new markets where it has sold its products, notably in France, Jordan and Algeria.

Production increased by + 17.90% as of September 30, 2017, compared with the same period in 2016.

Investments as of September 30, 2017 totaled 3.479 million dinars against 4.813 million dinars compared to the same period of 2016.

The bank commitments as of September 30, 2017 increased by 6.39%, stand at 63.659 million dinars compared to a total of 59.834 million dinars in the same period of 2016.

Long-term and medium-term debt represents 28.6% of the total commitment as of September 30, 2017.

Banking liabilities (balance sheet commitments) decreased by (-2.2%), while off-balance sheet commitments increased by 9.8% as a result of the increase in activity

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