20.9 C
Tuesday 6 June 2023
HomeNewsTunisia: Poulina Group's net profits fall by 30% in 2022 due to...

Tunisia: Poulina Group’s net profits fall by 30% in 2022 due to financial charges

Poulina Group Holding has just published its consolidated financial statements as at December 31, 2022 as they will be submitted for approval to the Ordinary General Meeting to be held on June 14, 2023.

These statements show a net profit of 65.7 million dinars, against 93.3 million in 2021, down 30%.

This evolution is mainly due to the strong increase in the group’s net financial charges reaching a record of 203 million dinars, against 136 million in 2021, up about 50%.

These net charges are mainly composed of 204 million dinars of interest charges and 41.3 million dinars of exchange losses, against 20.5 million dinars of net financial income and 11.7 million dinars of exchange gains.

As of December 31, 2022, the group’s debts amounted to 1.369 billion dinars.

In 2022, the group achieved revenues of 3.16 billion dinars, compared to 2.88 billion a year earlier, an increase of nearly 10%. As for operating expenses, they rose from 2.67 billion dinars to 2.9 billion, posting a rise of 9%.

As a result, the group’s operating result rose by 24% to 265.1 million dinars, compared to 213.7 million dinars at the end of December 2021.

In addition, the Poulina Group’s investment income amounted to 24.2 million dinars in 2022 compared to 23.4 million dinars a year earlier.


Please enter your comment!
Please enter your name here

- Advertisement -