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HomeNewsTunisia: TELNET Group announces half-year consolidated net income of 4.3 MD

Tunisia: TELNET Group announces half-year consolidated net income of 4.3 MD

The Telnet Holding Group, which specializes in technology and design of software and electronic systems, has published its interim consolidated financial statements as at June 30, 2018.

These statements show a consolidated net profit of 4.35 million dinars against 4.29 million at the same time in 2017.

In the first half of 2018, the TELNET Holding Group, of its founder Mohamed Frikha, achieved a consolidated turnover of 19.7 million dinars against 23.9 million for the same period of last year.

The turnover includes the 4 activities transferred to ALTRAN TELNET CORPORATION (ATC).

For reasons of comparability, TELNET HOLDING Group’s revenues (excluding activities transferred to ALTRAN TELNET CORPORATION) grew from 15.9 million dinars at June 30, 2017 to 19.7 million at June 30, 2018, up 23.69%.

This increase is mainly due to the 25.74% rise in revenues from the Research& Development in product engineering.

In addition, the Group’s consolidated financial statements show that operating expenses, for their part, grew at a slower pace than revenues, representing a rise of 19.45%.

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