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HomeNewsTunisia: SOMOCER sees its income drop 11% to 82 MD in 2020

Tunisia: SOMOCER sees its income drop 11% to 82 MD in 2020

SOMOCER has managed, despite a serious global health crisis and border closures caused by the spread of the pandemic, to achieve the challenge of reaching a turnover of 82.6 million dinars in 2020, down 11% compared to 2019.

On the local market, the cumulative turnover recorded a decline of 7.7% to 78 million dinars, compared to 84.6 million in 2019.

In the last quarter of 2020, local sales went down 7% from 26.5 million dinars in 2019 to 24.7 million in 2020.

In exports and despite the impact of the second wave of the pandemic, SOMOCER resumed its exports with the reopening of the Libyan market achieving a strong growth of 108% in the fourth quarter compared to the achievements of the same period last year.

In total, cumulative export sales reached 4.6 million dinars in 2020, down 45% over one year.

Bank commitments as of December 31, 2020 recorded an increase of 12.7% to 72.5 million dinars, against a total of 64.4 million in 2019.

Long- and medium-term debts represent (43.8%) of the total balance sheet commitment at the end of December 2020.

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