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Tuesday 22 June 2021
HomeNewsTunisia: SERVICOM suffers net loss of 685 thousand dinars in H1

Tunisia: SERVICOM suffers net loss of 685 thousand dinars in H1

SERVICOM has just published its financial statements for the first half of the current year.

Like for previous periods, the company is still in deficit. The company’s activity is constrained by a cycle of operating expenses and a financing cycle explained by the detachment of its debt.

Indeed, turnover reached 1.18 million dinars at the end of June, compared to 2.3 million a year earlier. This resulted in a year-on-year decline of 48.7%.

The deficit in operating income widened further. It amounted to 361,654 dinars as of June 30, 2017, worsening by 105% year-on-year.

In the first half of 2017 alone, the operating profit deficit already exceeded the deficit made by the company for the whole of 2016 (338,683 dinars).

In addition, financial expenses showed a net increase of 49% year-on-year. They grew from 0.88 million dinars at June 30, 2016 to 1.32 million at the end of June.

SERVICOM therefore remains in deficit at the end of the first half of 2017.

The net realized result shows a deficit of 685,995 dinars whereas it was -969,565 dinars at 30 June 2016.

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