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Tuesday 6 June 2023
HomeUncategorizedTunisia: SIPHAT’s sales down, debt up

Tunisia: SIPHAT’s sales down, debt up

SIPHAT’s fourth quarter 2021 and cumulative 2021 sales were down 59% and 41% respectively compared to 2020.

Production in the fourth quarter of 2021 and the cumulative production for the year 2021 fell by 71% and 60% respectively compared to the year 2020.

Even the number of staff was down, from 493 in 2020 to 468 on December 31, 2021, a drop of 5%.

On the other hand, the debt has increased by 35% as of December 31, 2021, compared to the year 2020.

This debt is of all types: medium and long term, as well as debt to the tax authorities.

By way of promise, SIPHAT says it will overcome its crisis with the increase in production following the entry into force of the AFESD loan allocated to the acquisition of raw materials, packaging articles and investment, and would open up to the African market, in particular Libya.


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