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HomeNewsTunisia: SFBT Group announces net profit of 218 million dinars in 2020

Tunisia: SFBT Group announces net profit of 218 million dinars in 2020

The group of the” Société de Fabrication des Boissons de Tunisie” (SFBT) last Tuesday published its consolidated financial statements closed on December 31, 2020 as they will be submitted for approval to the Ordinary General Assembly to be held on May 27, 2021.

At the end of fiscal year 2020, the brewer has almost stabilized its consolidated net profit to 218.2 million dinars, compared to 220 million a year earlier. The group also stabilized its sales last year to stand at 1.2 billion dinars.

On the other hand, operating expenses fell by 2% from 947.2 million dinars in 2019 to 928.8 million at the end of last December. As a result, the Group’s operating income rose by 9% to 288.7 million dinars.

The Group’s operating income increased by 9% to 288.7 million dinars.

This growth results mainly from the improvement of the results of SFBT, SEABG, STBN, SOSTEM, PREFORME, STBG and SGBIA.

Personnel expenses increased by 1.5 million dinars in 2020 to 134.7 million dinars, while financial expenses decreased by 7.5 million dinars to 16.9 million dinars.

The Board of Directors proposed the distribution of a dividend of 0.715 dinars per share for the fiscal year 2020, compared to 0.650 dinars a year earlier.


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