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HomeNewsTunisia: SOTUVER announces consolidated net profit up 67%

Tunisia: SOTUVER announces consolidated net profit up 67%

The Tunisian Company of Glassworks (SOTUVER), on Wednesday, published its consolidated financial statements as at December 31, 2017 as they will be subject to the approval of the Ordinary General Meeting to be held on June 26, 2018.

These statements show a Net Income Group Share (GNP) of 10.35 million dinars against 6.2 million a year earlier, a growth of 67%.

The Group saw its revenues increase by 25% to 67.2 million dinars against 53.7 million dinars in 2016.

As for operating expenses, they went from 45.9 million dinars in 2016 to 54 million at the end of last December, thus posting an increase of 17.6%.

Consolidated operating profit was up 63.4% to 14.8 million dinars against 9.1 million the previous year.

Nevertheless, the Group’s net financial expenses rose by 87% in 2017 to 4.1 million dinars, including 1.1 million foreign exchange losses.

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