The drop in activity is confirmed for the real estate developer ESSOUKNA. After seeing its net income decline 46% in 2018, the company has just announced a 59% drop in its business turnover in the first three months of the year.
This decline mainly concerned revenues from housing sales, down from 4 million dinars at the end of March 2018 to 1.6 million at the end of last March, i.e. a decrease of 61%.
The promises of sales amount to 5 million dinars.
Similarly, the gross operating surplus fell by 60% to 407 thousand dinars, against 1 million at the end of March 2018, while the gross value added went down from 1.4 million dinars to 0.8 million between the two dates.
The stock of finished products was set at the end of March at 19.8 million dinars against 19.2 million a year earlier.
