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HomeNewsTunisia: Tawasol Group Holding sees net profit fall 55% in the H1

Tunisia: Tawasol Group Holding sees net profit fall 55% in the H1

TGH (Tawasol Group Holding) published on Monday its interim financial statements as of June 30, 2017.

These statements show a net profit of 1.4 million dinars against 3.1 million in the first half of 2016, down 55.1% year on year.

At the end of June, the company’s revenues amounted to 2 million dinars against 3.4 million a year earlier, i.e. a decline of 40.2%.

On the other hand, operating expenses were virtually stagnant compared to last year to 630 thousand dinars.

Operating profit for the period was down 45% year-on-year to reach 1.68 million dinars at the end of June, compared to 3 million a year earlier.

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