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HomeNewsTunisia: Poulina Group announces record net profit of 138 MD

Tunisia: Poulina Group announces record net profit of 138 MD

Poulina Group Holding (PGH) has posted excellent results for 2017 in favor of both a sharp increase in the Group’s revenues and a drastic decrease in financial expenses, ilboursa reported.

Indeed, for 2017, PGH posted consolidated operating revenues of 1.935 billion dinars against 1.711 billion a year earlier, representing growth of around 13%, added the same source.

Similarly, total operating expenses increased by 14.4% to 1,769 billion dinars at the end of December, compared to 1.546 billion at the same date in 2016.

As a result, the Group’s operating income almost stagnated last year to 165.9 million dinars against 165.3 million a year earlier.

The year 2017 will certainly be quite remarkable in terms of the Group’s net financial expenses, which show a sharp decline of 47% compared to 2016 to reach 35.6 million dinars.

This regression is mainly due to the 64.4 million dinars of products on sale of securities which absorbed the increase in interest charges (+29.7 million dinars) and the foreign exchange loss (+19.5 million dinars).

To this end, the consolidated Net Profit has soared 52% from 90.7 million dinars in 2016 to 138.2 million last year, a record profit never achieved by the company

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