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HomeNewsTunisia: Telnet Group sees half-year revenues rise 21% to 24 million dinars

Tunisia: Telnet Group sees half-year revenues rise 21% to 24 million dinars

The TELNET Holding Group said it has achieved a turnover of 24 million dinars in the first half of the current year, compared to 19.8 million dinars as of June 30, 2020, representing a growth of 21%.

As of June 30, 2021, the activities of the R&D component have experienced a remarkable increase of 25% compared to June 30, 2020.

This rise is marked, essentially by the increase in business volume for the Electronic Banking activity (+31.4%), the MultiMedia activity (+22.7%) and the Telecom activity (+9.9%).

As for the Telecom and PLM Services activity, they grew by 42% and 13%, respectively.

The EBITDA of the company TELNET amounted to 4.6 million dinars in the first half of the year, against 3.5 million on June 30, 2020, while the EBITDA of the Group amounted to 5.1 million dinars, against 3.7 million a year earlier.

The company’s EBITDA margin stands at 68.75% while that of the Group is 21.27%.

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