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Tunisia: listed companies see 12% decline in the total revenue in H1 2020

The activity indicators of listed companies in the first half of 2020 show a 12% drop in their overall income compared to the same period of the year 2019, to 8.1 billion dinars, from 9.2 billion dinars, the Tunis Stock Exchange said in its report on the evolution of indicators of activities in the second quarter of 2020.

The number of listed companies reporting their Q2 2019 business indicators rose to 75 by the end of July 2020, i.e. 93% of the List.

To date, two companies have not published their indicators: MIP and TGH.

The revenues of 71% of the companies that have published their Q2 2020 indicators, i.e. 56 out of 79, have decreased compared to the same period of the previous year.

The share in the total income of the 20 companies that make up Tunindex20 amounts to 5.0 billion dinars (or 62% of total income), down 5.4% compared to the same period of the previous year.

According to the INS, the Tunisian economy shrank by 11.9% during the first half of 2020, compared to the same period of the previous year, and in the second quarter of 2020, GDP fell, at the price of the previous year, by (-21.6%) compared to the same quarter of 2019 and by (-20.4%) compared to the first quarter of 2020.

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