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Thursday 16 July 2020
Home News Tunisia: Poulina Group announces consolidated net profit of 130 MD in 2019

Tunisia: Poulina Group announces consolidated net profit of 130 MD in 2019

The company Poulina Group Holding has just published its individual and consolidated financial statements for the year ending December 31, 2019.

Last year, the Poulina Group posted a consolidated net profit of 130 million dinars, compared to 152 million dinars in 2018, a decrease of 14.5%.

This decrease is mainly due to the growth of net financial charges of more than 33 million dinars (+42%) going from 79.1 million dinars in 2018 to 112.5 million at the end of last December.

In detail, interest charges last year reached 169.7 million dinars, up by 30 million compared to 2018.

On the other hand, the Group realized net financial income of 8.8 million dinars as well as income on the sale of securities of 61.6 million dinars (+ 11 million dinars).

In addition, foreign exchange losses amounted to 32 million dinars while foreign exchange gains amounted to 19 million, compared to 31 million in 2018.

In 2019, the Group achieved a turnover of 2.3 billion dinars, against 2.1 billion a year earlier, a growth of 6.3%.

As for operating expenses, they amounted to 2 billion dinars, against 1.9 billion in 2018, an increase of 6.5%.

To this effect, the Group’s operating profit went up by 10 million dinars (+4.4%) to 239.6 million dinars, compared to 229.5 million dinars in 2018.

As far as individual financial statements are concerned, the PGH Company shows a net profit of 101 million dinars, against 74 million in 2018, i.e. an increase of 36.5%.

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