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Thursday 16 September 2021
HomeNewsTunisia: STIP sees revenues increase by 32% in H1 to 25.5 MD

Tunisia: STIP sees revenues increase by 32% in H1 to 25.5 MD

According to the activity indicators of the Tunisian Company of Pneumatic Industries (STIP) for the first half of the current year, the company’s revenues are up 32% compared to the same period in 2017.

In fact, the total turnover rose from 19.2 million dinars at the end of June 2017 to 25.5 million at June 30, thanks to a 40% increase in local turnover, reaching 23.6 million dinars.

On the other hand, export turnover fell 19% to 1.9 million dinars.

In addition, production increased from 3,454 tons at the end of June 2017 to 2,626 tons at the end of June, down 24%.

It should be noted that the management of the company did not report on the level of its bank commitments as of June 30, 2018. The latter amounted to 204 million dinars at 31/12/2017.

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