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HomeNewsTunisia: Tawasol announces net profit share group loss of 754 thousand dinar

Tunisia: Tawasol announces net profit share group loss of 754 thousand dinar

The company TAWASOL GROUP HOLDING has just published its consolidated financial statements as at December 31, 2017.

These statements show a consolidated net income group share posting a deficit of 754 thousand dinars, against a profit of 323 thousand dinars the previous year.

Although it is in surplus, the Group’s operating profit fell by 19% to 6.8 million dinars against 8.5 million in 2016.

The Group’s total revenues also went down in 2017 to 100.2 million dinars against 130.9 million a year earlier, i.e. a decline of 23.4%.

Operating expenses amounted to 93.4 million dinars, of which 15.2 million were related to staff costs.

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