Tunisia: Poulina’s revenues reach 530 MD in Q1

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    Poulina Group Holding’s (PGH) overall revenues increased in the first quarter of 2018 by 12% compared to the same period of 2017, to 529.7 million dinars against 471.2 million dinars to end March 2017.

    This increase can be explained by higher sales for all the group’s businesses, with the exception of the real estate sector.

    Thus, the turnover from the local market has increased by 13% to 464 million dinars while exports grew 11% to 65.7 million dinars.

    Investments made during the first quarter of 2018 reached 20.7 million dinars against 19.9 million for the same period in 2017.

    The largest part of these investments, or 41%, is allocated to the business of the poultry integration (8.5 million dinars) related to the new food factory and the new breeding centers, and 26% for the FMCG business for 5.3 million dinars.

    As for the company’s overall indebtedness, it shows a strong increase compared to last year to 658.3 million dinars against 445.7 million at the end of March 2017, up 48%.

    This increase results from the 108% rise in short-term loans (CCT) which reached 339.4 million dinars.

    By contrast, medium-term loans (CMT) posted a 9% decline to 318.8 million dinars

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