Tunisia: CELLCOM (Evertek) reports loss of 1.2 million dinars in 2017

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    Dropping activity in the mobile phone sector has impacted the results of the CELLCOM company in 2017.

    Indeed, the distributor of the EVERTEK brand has accused last year a net loss of 1.2 million dinars against a profit of 981 thousand dinars in 2016.

    The company headed by Mohamed Ben Rhouma, saw its turnover decline by 21% last year to 35.7 million dinars against 45.3 million a year earlier.

    As for operating expenses, they went from 42.7 million dinars in 2016 to 35.8 million at the end of last December, i.e. a decrease of 17.2%.

    Operating profit thus fell 85% to 388 thousand dinars against 2.5 million dinars in 2016.

    In addition, the depreciation of the Tunisian dinar against the dollar and the euro has impacted the financial expenses of the company which reached 1.66 million dinars against 1.12 million dinars in 2016.

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