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HomeNewsTunisia: UADH posts net profit of more than 7 MD in H1

Tunisia: UADH posts net profit of more than 7 MD in H1

Universal Auto Distributors Holding (UADH), on Tuesday, published its interim financial statements as at June 30, 2017.

These statements show net profit for the period of 7.15 million dinars, compared to 12.4 million one year earlier.

The company’s revenues amounted to 7.5 million dinars in the first half of the year against 13 million during the same period in 2016, i.e. a decrease of 42.3%.

Operating expenses were virtually stagnant compared to June 2016 to reach 586,917 dinars.

Operating profit for the period declined by 44.4% year-on-year to 6.9 million dinars from 12.4 million a year earlier.

In addition, net financial expenses fell by 12.5% year on year to 1.17 million dinars compared to 1.34 million in the first half of 2016.

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