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HomeNewsTunisia: SOMOCER reduces its net loss to 1.6 million dinars in H1

Tunisia: SOMOCER reduces its net loss to 1.6 million dinars in H1

The Modern Ceramic Company, SOMOCER, published its interim financial statements for the period ending June 30, 2021.

These statements show a net loss of 1.6 million dinars, against a net loss of 7 million at the end of June 2020.

The company achieved revenues of 44.5 million dinars in the first half of the year, compared to 33.6 million a year earlier, a growth of 32%.

As for operating expenses, they rose from 34.8 million dinars to 40.3 million between June 2020 and last June, up 16%.

The company’s operating expenses also grew 16%.

As a result, the half-year operating result comes out in surplus of 4.4 million dinars, against a deficit result of 663 thousand dinars in the first half of last year.

However, the operating surplus was absorbed by the net financial expenses which amounted to 6.1 million dinars at the end of last June.

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