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Tunisia: OneTech announces consolidated profit of 25 million dinars

The board of directors of the group OneTech met on March 24, 2021 to review the group’s activity in 2020.

In a difficult context of the global market where the automotive sector has declined by 23% and that of cables by 12%, the group has shown a certain resilience, given that the negative impact on revenues has been greatly reduced, despite a local market very heavily loss-making.

To this end, revenues reached 718.6 million dinars, down 20% compared to their level in 2019, a decline mainly due to the cessation of production of the group’s main customers.

At constant scope and exchange rates, the decline was only 15%.

The group’s consolidated net income was therefore able to reach 25.5 million dinars, exceeding by 10% the budget announced at the General Meeting of Shareholders last September.

The year 2021 looks promising for the OneTech group, which anticipates a return of its operational performance to the exceptional one of the year 2018 expressed by a clear improvement in performance on the three core businesses of the group”, it estimates.

Finally, the Board of Directors decided to convene an Ordinary General Meeting on Wednesday, May 05 and proposed to maintain the dividend at its level of last year, or 0.250 dinar per share.

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