Tunisia: overall income of listed companies rises 10.9% in Q1 2018

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    “The overall income of listed companies rose by 10.9% in the first quarter of 2018 compared to the same period of 2017, reaching 3.9 billion dinars”, According to the analysis of changes in indices and income of listed companies published by the Tunis Stock Exchange (TSE).

    72% of listed companies that released indicators for the first quarter of 2018, i.e. 57 out of 79 have improved their revenues compared to the same period of the previous year.

    The revenues of 20 companies that make up the Tunindex20 (the most representative companies on the stock exchange), accounted for 65% of global income, or 2.5 billion dinars.

    These companies recorded an overall growth of 11.9% compared to the first quarter of 2017.

    In the financial sector, the 12 listed banks achieved a net banking income (NBI) of 957 MD in the first quarter of 2018, against 807 MD over the same period of the previous year, i.e. an increase of 18.7%.

    The total net leasing income of the 7 listed leasing companies grew by 25.1% in the first quarter of 2018 compared to the 2017 period to 103 MD.

    In the consumer goods sector, the overall income of the three major groups operating in the agri-food sector (Poulina Holding Group, Délice Holding and SFBT) rose by 12.11% from 780 MD to 874 MD.

    In the same sector, the four listed car dealers saw their total turnover decline by 20.22% in the first quarter of 2018 to 227MD.

    In the consumer services sector, the total turnover of the two retail chains (Monoprix and Magasin Général) in the first quarter of 2018 was 3.5% compared to the same period in 2017, to 337MD.

    The Oil & Gas sector posted the strongest growth, with 22.1% followed by the financial corporations sector with 19.7%, compared to a decrease in telecommunications sector revenues by 26.7%.

    The strongest revenue gains came from Salim Insurance (+ 55.3%), ICF (+ 52.9%), SIAME (+ 50.1%) and SOTUVER (+ 49.8%).

    In contrast, the largest declines in revenue were recorded by SIMPAR (-73.9%), ELECTROSTAR (-53.4%) and ALKIMIA (-49.3%).

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