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HomeNewsTunisia: turnover of “Magasin Général” up 35.95%

Tunisia: turnover of “Magasin Général” up 35.95%

The turnover of “Magasin Général” posted an increase of 35.95% in the 1st half of 2014 over the same period last year, from 248.431 million Tunisian dinars in H1 2013 to 337.737 MTD in the same period in 2014, said broker Mena Capital Partners (MCP).

MCP explains this growth by the addition of six outlets PROMOGRO from the second half of April, 2014.

Staff workloads recorded an increase of 21.77% until late June 2014, compared to those registered in the first half of last year, following the opening of new stores and the inclusion of six outlets PROMOGRO, adds MCP.

The ratio of payroll went down from 8.01% at the end of the first half of 2013 to 7.17% at the end of H1 2014, with a peak of 6.73% in the quarter April-June 2014.

Moreover, the company has released its interim financial statements which show a net profit of 3.923 MTD in late June 2014 against 1.970 MTD at June 30, 2013, up 99.14%.

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