Société d’Articles Hygiéniques (SAH) has published its consolidated financial statements for the year ended December 31, 2023, which will be submitted for approval to the Annual General Meeting convened to approve the accounts for that year.
Last year, the Group’s net profit (Group share) was almost unchanged at 35.6 million dinars, compared to 35.3 million dinars in 2022.
The Group recorded total revenues of 902 million dinars, compared to 880.6 million dinars at the end of December 2022, representing growth of approximately 3%.
Operating expenses increased by 2% from 799 million dinars in December 2022 to 813.3 million dinars last December, including 565 million dinars in material and packaging purchases and 81.2 million dinars in personnel costs.
As a result, the Group recorded an operating profit of 88.7 million dinars, compared to 81.6 million dinars in the previous year, an increase of 8.7%.
In addition, net financial expenses increased from 37.4 million dinars in 2022 to 48.3 million dinars at the end of December 2023, an increase of 29%.
