New Body Line has released its individual financial statements as of December 31, 2024, which will be submitted for approval during the Ordinary General Assembly meeting scheduled for June 30, 2025.
The statements reveal a net loss of 4.5 million dinars, compared to a profit of 1.3 million dinars in 2023.
This underperformance is primarily due to a sharp increase in depreciation and provisions, which surged to 5.8 million dinars (up from 0.2 million dinars the previous year). This includes 5.6 million dinars in provisions for the impairment of financial investments.
In terms of operations, the company’s revenues amounted to 5.9 million dinars by 31 December 2023, compared to 6.5 million dinars by the end of 2023, representing a 10% decline. This decline is the result of a sharp drop in smart lingerie sales (-28%).
Operating expenses increased from 5.7 million dinars to 10.8 million dinars (an increase of 88%), due to a sharp rise in provisions.
Consequently, the operating result for the period showed a deficit of 4.9 million dinars, compared with an operating surplus of 0.9 million dinars in 2023.
Founded in November 2000, the purpose of New Body Line is to design, development, knitting, manufacture and marketing of all types of clothing.
