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HomeNewsTunisia: SIMPAR sees its half-nearly net profit fall to 1 million dinars

Tunisia: SIMPAR sees its half-nearly net profit fall to 1 million dinars

The SIMPAR real estate company has published its interim financial statements as at June 30, 2017, showing a net profit for the period of around 1.016 million dinars compared with 1.316 million in the first half of 2016, a decrease of 22.8 %.

Real estate sales rose 19.8% to 5.3 million dinars at the end of the first six months of the year, while revenues from equity investments fell by 8.3% to 1.27 million dinars.

Operating expenses totaled 4.3 million dinars, compared to 3.4 million dinars at June 30, 2016, up 27.7%.

The operating result for the period thus decreased slightly from 2.5 million dinars at 30 June 2016 to 2.4 million at the end of June.

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