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Wednesday 29 September 2021
HomeNewsTunisia: SOTUVER’s net profit down

Tunisia: SOTUVER’s net profit down

The audited financial statements of SOTUVER Company for 2014 show a net profit of 4.331 million dinars against 5.568 million dinars in 2013, which corresponds to a decline of 22.2%.

However, the company’s revenues were up 10%, the equivalent of 44.6 million dinars against 40.5 million dinars at end December 2013. Similarly, operating expenses increased 17. 2% to 40.153 million dinars.

The operating result for the period also showed a decline by 14% to 6.577 million dinars against 7.648 million dinars a year earlier.

Total borrowings of SOTUVER in 2014 amounted to 13.154 million dinars against 10.732 million dinars at end 2013, up 22.6%.

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