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HomeNewsTunisia: STEQ achieves turnover of 40 MD in 2018, down 8%

Tunisia: STEQ achieves turnover of 40 MD in 2018, down 8%

The Tunisian Equipment Company, STEQ, has just published its activity indicators for the year ended December 31, 2018.

The subsidiary of the Arem Group, which specializes in the distribution of spare parts for motor vehicles and heavy goods vehicles, saw a decrease in its annual turnover decrease by 8% to 40.2 million dinars, compared to 43.7 million dinars a year before.

The purchase cost of goods sold fell 5% from 33.5 million dinars in 2017 to 31.8 million at the end of last December.

Financial expenses are down 5% compared to 2017 to 6.1 million dinars, while the wage bill is down 16% to 3.3 million dinars following the 10% decrease in staff numbers from 130 to 117 employees.

In addition, the company’s net cash position shows a negative balance of 1.5 million dinars at December 31.

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