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Thursday 18 August 2022
HomeNewsTunisia: SOMOCER improves its H1 revenues by 12% to 50 million dinars

Tunisia: SOMOCER improves its H1 revenues by 12% to 50 million dinars

SOMOCER’s overall turnover increased by 12.7%, at the end of the first half of 2022, compared to the same period last year, to 50 million dinars from 44.4 million at the end of June 2021.

The local turnover went up 2.5% to 41.6 million dinars. The growth of local sales despite the difficult economic situation is the result of a strategy geared to innovation and diversification of the range.

As for export sales, they posted a significant increase of 122% to reach 8.4 million dinars, against 3.8 million in late June 2021.

This improvement is the result of an export strategy initiated in 2021 focused on the consolidation of traditional markets (French, Libyan and Middle East) and the penetration of new markets such as the Italian market with a very important contract and the African and Moroccan markets.

In addition, the tangible and intangible investments amounted to 1.5 million dinars, against 1.8 million a year earlier, down 18%.

Bank commitments (balance sheet commitments) as of June 30, 2022 amounted to 77.8 million dinars, against an outstanding amount of 75.7 million dinars as of December 31, 2021. Long- and medium-term debts represent 38.6% of total balance sheet commitments as of June 30, 2022.

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