HomeNewsTunisia: TELNET Group increases half-year revenues by 9% to over TND 30...

Tunisia: TELNET Group increases half-year revenues by 9% to over TND 30 million

The TELNET Holding Group’s total operating income rose from TND 28.3 million at June 30, 2022 to TND 30.9 million at the end of June, an increase of 9.4%.

At June 30, 2023, R&D activities showed a remarkable increase of 13% compared with June 30, 2022. This development was marked primarily by the increase in business volume in the Electronic Transactions division (+10%).

Business in the telecoms and network integration division fell by 39.3% compared with June 30, 2022, while that of the PLM services division grew slightly by 1.8%.

At the end of June, TELNET Holding’s EBITDA stood at 6 million dinars, while the Group’s EBITDA reached 5.8 million dinars.

The company’s EBITDA margin stood at 76.67%, compared with 18.68% for the Group as a whole.

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