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Tunisia: Poulina Group weathers the crisis and makes profits

The Poulina Holding group said its turnover increased by 25.7% to 2.88 billion dinars in 2021, against 2.2 billion dinars recorded in 2020.

Board Chairman of the group Khaled Bouricha considered that the results achieved are positive, stressing that the company “is making steady progress towards the achievement of its plans and aspirations.”

The revenue was divided between 87% from the local market and 13% from export, he noted.

In this regard, Bouricha said in a financial communication held on Wednesday, June 8, 2022, that export revenues have recorded a significant leap from 250 million dinars in 2020 to 383 million dinars in 2021, which means that the pace of development has exceeded 53%.

The same source revealed that the financial allocations for investment amounted to 148 million dinars last year, and is expected to rise to 273 million dinars throughout 2022.

He also said that the Poulina Group has developed plans to increase the amount to 290 million dinars by 2023 and 308 million dinars in 2024, an average of 290 million dinars per year.

The environmental footprint of Poulina

The Board Chairman confirmed the significant involvement of the Poulina group in social responsibility through its interest in the environmental aspect, by launching, in 2021, energy production initiatives with a capacity of 30 megawatts and another project of photovoltaic energy with a capacity of 4 megawatts, knowing that the company aspires to increase its total capacity of electricity production to 50 megawatts and to implement projects.  The group is seeking to produce new photovoltaic energy at a rate of 50 megawatts by 2030. Poulina has also developed programs to rationalize water consumption and environmental protection.

Compliance with safety regulations

In another context, Khaled Bouricha said that the Poulina Group is keen to fully comply with the application of all health and safety rules at work. “No fatal accident has been recorded in 2021,” he noted.

He said that the Group complex includes 1,379 managers of which 35% are women, adding that “Poulina” invests mainly in human capital with the aim of developing skills and competencies where all employees benefit from joint agreements.

The Group known as Poulina Group Holding, which was established in 1967 by the late Abdelwahab Ben Ayed, is one of the largest economic groups in Tunisia. It operates in several sectors, including the food industry, agriculture, poultry, wood and paper industry, and investment in the real estate sector.

The indirect participations of the company PGH in the companies established in Libya, counted in the financial statements of the subsidiaries and amounting to TND 54,751,646 are not integrated during the preparation of the consolidated financial statements closed on December 31, 2021. They remain registered among the securities of participation, and this because of the unavailability of financial information on these companies on December 31, 2021.

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