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HomeNewsTunisia: Poulina Holding reports 4% decrease in turnover at end September

Tunisia: Poulina Holding reports 4% decrease in turnover at end September

The turnover achieved by the Poulina Holding group decreased by 4% to 2 063 million dinars (MD) at the end of September 2020, compared to the same period of the previous year.

The group explained this decline by the effects of the COVID 19 pandemic and the general economic slowdown that followed both nationally and internationally.

“Local sales dropped 1% mainly due to the decline in tourism, which has impacted the poultry and food processing activities.

Export sales also decreased by 8% due to lower demand and travel restrictions imposed by partner countries,” the company noted in its financial statements, published on the site of the Tunis Stock Exchange.

As for production, it recorded a decline of 1% to 687 MD during this quarter.

As for investments made during the third quarter of 2020, they amounted to 66 MD, against 54.6 MD for the same period in 2019.

Poulina Group Holding is an industrial and services group, specialized, in particular, in poultry farming.

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