The turnover of SIPHAT went up from 9.1 MTD in the first quarter of 2017 to 9.3 MTD in the same period of 2018, up 2.2%.
Sales in the first quarter of 2018 represent 19% of projected sales in the 2018 projected budget. The value of production rose from 8.1 MTD in the first quarter of 2017 to 8.6 MTD for the same period of 2018, i.e. up 6.12%.
Regarding investments, SIPHAT acquired various equipment and installations valued at 6,300 TD during the first quarter of 2018.
The debt of the company listed on the stock exchange in Tunis went up from 27.6 MD in the first quarter of 2017 to 33.6 MTD for the same period of 2018, recording a 21% increase.
This level of indebtedness mainly explained by a mobilized credit of 5 MD contracted since 2009 for the establishment of three-month raw material and ACE security stocks and one month of finished products’, required by the circular of the Ministry of Public Health.
The current liability between supplier credit and bank loans is of about 19 MD.