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HomeNewsTunisia: SIAME announces profit down 29% in 2019

Tunisia: SIAME announces profit down 29% in 2019

The “Société Industrielle d’Appareillage et de Matériels Electriques” (SIAME), on Monday, announced that its Board of Directors reviewed at its meeting on Friday May 29, 2020, the company’s activity report for fiscal year 2019 and approved the related individual financial statements.

It appears from these financial statements that the company’s turnover recorded a slight growth of +1.1% compared to 2018 and that the net result reached the sum of 2.7 million dinars, compared to 3.8 million in 2018, i.e. a decrease of -29%.

The Board of Directors has therefore decided to convene the Ordinary General Meeting of Shareholders for Monday, June 29, 2020 at 09:30 am at the company’s headquarters and to propose the distribution of a dividend of 0.120 dinars per share, compared to a dividend of 0.150 dinars last year.


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