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Thursday 23 September 2021
HomeNewsTunisia: Telnet Group revenues down 17% in H1

Tunisia: Telnet Group revenues down 17% in H1

TELNET HOLDING Group’s operating income at June 30, 2018 totaled 19.7 million dinars, compared with 23.9 million dinars (which include the flows from transferred activities) as of June 30, 2017, i.e. a decrease of 17.7%.

R & D activities outside Altran Telnet Corporation’s scope of operations increased by 25.74% compared to 30 June 2017.

This trend is marked mainly by the increase in the volume of business at the level of the Telecom business (+ 32%) and MultiMedia business (+ 36%) while consolidating the revenue generated by the electronic banking business.

The telecoms and network integration business (representing 6.10% of operating revenues at June 30, 2018) posted an increase of + 18.62% compared to June 30, 2017.

This growth is mainly due to the recovery of ORACLE services compared to the same period in 2017.

At June 30, 2018, EBITDA of the TELNET HOLDING Group amounted to 3.6 million dinars against 4.2 million (which includes the flows of the transferred businesses) in the first half of 2017.

As for the EBITDA margin of the Group it rose to 18.38% at the end of the first six months of the year.

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