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HomeNewsTunisia: SPDIT improves its half-year net profit by 34% to 23 million...

Tunisia: SPDIT improves its half-year net profit by 34% to 23 million dinars

The SPDIT (Société de Placement et de Développement Industriel et Touristique) posted a growth of 34.4% in its operating revenues to 24 million dinars in the first half of 2018, i.e. 6.15 million dinars more than the figure achieved in the first half of 2017.

This performance is largely attributed to the realization of 4.55 million dinars of capital gains on its listed securities portfolio.

Indeed, during the first half of 2018, the financial arm of the SFBT group, almost liquidated its entire position on the BNA line to generate a capital gain of 2.7 million dinars.

The SPDIT also realized a small part of its capital gain on the BIAT share for 1.84 million dinars.

In the first half of 2018, the SPDIT generated net income growth of 34.5% to 23.1 million dinars.

Earnings per share rose from 0.61 dinars at June 30, 2017 to 0.82 dinars at June 30, 2018.

Note that the company has distributed for the 2017 financial year a dividend of 0.550 dinars per share on April 19, 2018.

In addition, at the end of the first half of 2018, the SPDIT listed equity portfolio discloses unrealized capital gains, calculated on the basis of the June 2018 closing price of 40 million dinars.

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