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Monday 21 September 2020
Home News Tunisia: SOTETEL sees 42% drop in turnover in H1 2020

Tunisia: SOTETEL sees 42% drop in turnover in H1 2020

SOTETEL saw its turnover fall by 42.2% to 13.3 million dinars in the first half of the year, against 23 million a year earlier.

Local turnover fell by 42.6% to 12.4 million dinars.

Operating expenses show a decline of 30.7% from 22 million dinars at the end of June 2019 to 15.2 million dinars on June 30, 2020, including 6 million dinars of purchases consumed

(-53.2%) and 7.2 million dinars of personnel costs (+7.1%).

The EBITDA was negative by 1.9 million dinars at the end of June 2020, compared to a positive EBITDA of 1 million dinars a year earlier.

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