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Tunisia: Telnet Holding sees consolidated net income fall 52% at end of 2019

The Telnet Holding Company saw a 52% drop in its consolidated net result, from 9.6 million dinars (MD) at the end of 2018 to 4.6 MD at the end of 2019, according to data published on the Financial Market Council (CMF) website.

The company explained this decrease by “the euro-dinar exchange loss recorded in 2019, against a foreign exchange gain in 2018”.

However, Telnet Holding’s operating income improved significantly, posting a 30% positive trend and stabilizing at 7.1 MD.

Similarly, the turnover improved from 39.6 MD in 2018 to 42.6 MD in 2019.

The company announced, on the same occasion, that the Board of Directors decided to propose the distribution of a dividend of two hundred (200) millimes gross per share and to convene the company’s shareholders for a meeting of the Ordinary General Assembly for Monday June 29, 2020.

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