Tunisia: SOMOCER generates net profit of more than 4 million dinars in 2018

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    The Modern Ceramics Company, SOMOCER, has just published its financial statements as at 31 December 2018 as they will be subject to the approval of the ordinary general meeting to be held on May 31, 2019.

    Despite the sharp increase in net financial expenses by 42% from 8.8 to 12.5 million dinars, the company was able to achieve a 6.2% growth in profits in 2018 to 4.2 million dinars against 4 million a year ago.

    Indeed, the manufacturer of tiles, sandstone, bathtubs and atomized powder last year achieved revenues of 86.9 million dinars, against 84.7 million in 2017, up 2.6%, while total operating expenses reached 72.7 million dinars, almost stagnant compared to the previous year.

    Therefore, the operating income shows a sharp rise of 20.5% to 15.2 million dinars, against 12.6 million a year earlier.

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