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HomeNewsTunisia: SOPAT increases its turnover by 30% to 87 MD in 2018

Tunisia: SOPAT increases its turnover by 30% to 87 MD in 2018

The “Société de Production Agricole Teboulba” (SOPAT) has just published its activity indicators for the year ended December 31, 2018.

These indicators show an increase of 30% of the global annual turnover to 87.1 million dinars against 67 million in 2017.

This performance is due in particular to the 34% increase in sales of meat and by-products from 54.5 million dinars at the end of December 2017 to 73 million at the end of last December.

As for sales of compound feed and chicks, they grew 13% to 13.6 million dinars against 12 million a year earlier.

On the other hand, the volume of production shows a strong regression of 64% going from 34,845 tons in 2017 to 12,566 tons last year and this, in particular following the total stoppage of the production of compound feeds throughout the year 2018, against the production of 24,619 tons in 2017.

As part of the strategy of development and restructuring outlined by the company’s executives, SOPAT announces that it plans, by the end of 2019, the completion of an investment and upgrading program initiated since 2017, for a budget of about 22 million dinars.

SOPAT has indeed obtained a medium-term bank loan of 15.4 million dinars which will be used to partially finance that program.

Thus, investment expenditures maintained in 2018 reached 7 million dinars, up 64% over the previous year.

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