The “Société des Articles Hygiéniques” (SAH) has just published its activity indicators for the second quarter of the year.
The latter show a cumulated turnover of the order of 192.4 million dinars at June 30, against 136.3 million a year earlier, i.e. a sharp increase of 41%. These revenues represent 52% of the annual target set in the business plan 2018- 2022 (366.5 million dinars).
This increase, says the company, is the result of the cumulative effect of a growth in local market revenues by 39% and a rise in export revenues by 47% boosted by the development of new markets and a resumption of sales in Libya.
As for production, it recorded a variation proportional to the variation of the revenues, that is + 38% to 180,8 million dinars, against 130,8 million dinars at the end of June 2018.
Moreover, at the end of the first half, investments amounted to 5.58 million dinars, compared to 7.7 million for the same period of 2018. They mainly correspond to the acquisition of industrial and transport equipment and materials.
Regarding debt, it amounted to 146.4 million dinars on June 30, compared to 187.8 million at December 31, 2018, thus recording a decrease of 41.4 million dinars, mainly due to better control of the working capital requirement resulting in a drop in management loans by 25.5 million dinars and a decrease in long-term loans by 15.9 million dinars.