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HomeNewsTunisia: Poulina Group announces net profit of 93 million dinars in 2021

Tunisia: Poulina Group announces net profit of 93 million dinars in 2021

The Company Poulina Group Holding reported a net profit of 93.3 million dinars, against 75 million in 2020, posting a growth of 25%.

This emerged from the consolidated financial statements as of December 31, 2021 published by the company, as they will be submitted for approval to the Ordinary General Assembly to be held on June 8, 2022.

These statements show the group’s revenues totaled 2,882 million dinars as of December 31, 2021, compared to 2,293 million a year earlier, up 25.7%.

As for operating expenses, they amounted to 2,678 million dinars, against 2,066 million in 2020, up 30%.

These expenses are composed of purchases of goods and supplies for 1,914 million dinars, other operating expenses for 350 million dinars, depreciation and provisions for 243 million dinars and staff costs for 170 million dinars.

As a result, the operating income decreased by 10% from 238.6 million dinars to 213.7 million dinars between 2020 and 2021.

In addition, the net financial expenses amounted to 136.1 million dinars, against 169.4 million dinars at the end of December 2020, showing a sharp decline of 20%, or -33 million dinars.

On the other hand, investment income improved by 43% to reach 23.4 million dinars, against 16.4 million in 2020.

At the end of December 2021, the Poulina group is composed of 109 companies and four companies consolidated by equity method (ENNAKL Automobiles, ADACTIM, AYMAX and BH Assurance).

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