HomeNewsTunisia: overall income of listed companies exceeds 11 billion dinars at end...

Tunisia: overall income of listed companies exceeds 11 billion dinars at end September

The total income of listed companies (with the exception of MIP) increased by 13.1% to 11.178 billion dinars at the end of the first nine months of 2017, from 9.880 billion in the same period of 2016.

The balance of evolution of incomes shows 69 increases against 11 decreases. For the income of the 20 companies that make up Tunindex20, the most representative companies on the stock exchange, they accounted for 66% of the total income, or 7.342 billion dinars, up 11.5% over the same period last year.

In the financial sector, the 12 listed banks achieved together a net banking income (NBI) of 2.663 billion dinars until the end of September against 2.234 billion at the end of September 2016, up 19.2%.

The net leasing income of the 7 listed leasing companies increased by 21.15% compared to the similar period in 2016 to reach 264 MD against 218 MD.

For the 4 listed insurance companies, the premiums issued reached 531 MD against 503 MD at September 30, 2016, i.e. an increase of 5.5%.

For the same period and in the Consumer Goods sector, the overall income of the three major groups operating in the agri-food sector (Poulina Holding Group, Délice Holding and SFBT) rose by 9.9% to 2.573 billion dinars at the end of the 3rd quarter of 2017.

In the Consumer Services segment, the global turnover of the two major retailers listed on the stock market (Monoprix and Magasin General) rose by 2.81% to 1.059 billion dinars against 1.030 billion a year earlier.

As for the four listed car dealerships in the consumer services sector (ARTES, CITY CARS, ENNAKL and UADH), they saw their overall turnover increase by 6.44% to reach 824 MD against 774 MD at the end of September, 2016.

In addition, eight sectors increased their revenues. The Oil & Gas sector posted the strongest growth at 25.7%, followed by the Basic Materials sector at 25.3%, compared with a 10.6% decline in telecommunications sector revenues.

The strongest revenue gains came from SITS (140%), ICF (+ 65.9%), ESSOUKNA (+ 62.7%), HANNIBAL LEASE (+ 34.9%) and BIAT (33.4%), while the biggest declines in revenues hit the STIP with a drop of (-32.3%), followed by ELECTROSTAR with a drop of (-26.9%) and Cellcom company whose turnover has declined 22.9%

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