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Tunisia: STS Beja crippled by operating expenses AfricanManager

The latest figures for 2011, published August 24 by the Tunisian Sugar Company (STS Beja) reported a net loss of 5.77 MTD.

 

This result reduces to almost 2 MTD a result that was already loss-making with 8.177 MTD at the end of 2010.

The company had total operating revenues of more than 15.8 MTD with even a significant increase of 86% compared to 2010 (8.5 MTD).

STS has however been weighed down by operating expenses by more than 20 MTD, up almost 5 MTD in a single year, expenses in which purchases and salaries were the heaviest.

STS ended the year 2011 with a liquidity deficit of almost 2 MTD.

 

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