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Tunisia: TELNET Group increases revenues by 20% to 35 million dinars at end September

TELNET Group has achieved a turnover of 35.2 million dinars at the end of the first nine months of the current year, against 29.2 million at the end of September 2020, recording a growth of 20%.

The turnover from R&D activities has risen by 22% compared to September 30, 2020 to reach 28.5 million dinars.

This evolution is marked, essentially by the increase in business volume in Electronic Banking activity (+24.5%), the MultiMedia activity (+15%) and the Telecom activity (+2%).

As of September 30, 2021, the EBITDA of the TELNET Group amounted to 7.4 million dinars, compared to 5.7 million a year earlier. The Group’s EBITDA margin stood at 21.07%.

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