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Tunisia: SIPHAT announces net loss of 4.9 million dinars at end of June 2018

The Company of Pharmaceutical Industries of Tunisia (SIPHAT) has just published its interim financial statements as of June 30, 2018.

These statements show a net loss of the period of 4.87 million dinars against a deficit of 5 million at the end of June 2017. The Company ended 2017 with a net deficit of 7.7 million dinars.

The producer of pharmaceuticals for human use has achieved a total of operating revenues of about 17.5 million dinars at the end of the first six months of 2018, against 16.9 million a year ago while the operating expenditure went up from 20.9 to 21.4 million dinars.

For this purpose, the operating result for the period shows a deficit of 3.85 million dinars against a negative result of 4 million at the end of June 2017.

In addition, the net financial expenses for the period amounted to 1.4 million dinars against 1 million at the end of June 2017, up 40%, including 696 thousand dinars of exchange losses.

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