Land’Or’s sales fell by 4% to 89.4 million dinars at the end of the first half of 2024, compared with the same period in 2023, mainly due to sales on the export market.
On the local market, the company closed the first half of 2024 with a growth of 11% compared to the same period in 2023, despite the difficult economic climate.
On the other hand, export sales fell by 54% compared with the same period in 2023, due to the closure of the borders between Libya and Tunisia, compounded by the problem of opening letters of credit in Libya.
At the end of the first half of 2024, the value of production was down 15% compared with the same period in 2023.
It should be remembered that the first half of 2023 saw the peak of the inflationary impact of raw materials, which affected production costs.
The action plan implemented by the company to combat inflation and the downward correction in the prices of the main raw materials allowed a significant recovery in production costs and, consequently, a recovery in the gross margin.
In the first half of the year, the company invested 5.6 million dinars.
At the end of June, the company had debts of 42.8 million dinars, compared to 26.5 million dinars at December 31, 2023.
