Tunisia: SOTEMAIL multiplies by five its net profits in 2018

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    The Tunisian company SOTEMAIL on Monday published its financial statements as at December 31, 2018 such that they will be subject to the approval of the Ordinary General Meeting to be held on May 31, 2019.

    The manufacturer of ceramic tile enamels, tiles, stoneware and decorations, as well as all sanitary ware products, boosted net profits fivefold last year to 2.1 million dinars, against 395 thousand dinars a year ago.

    Last year, the company generated revenues of 51.7 million dinars, up from 47.8 million in 2017, i.e. an increase of 8.2%, while total operating expenses reached 44.7 million dinars, i.e. a slight increase of 4% compared to the previous year.

    Therefore, the operating result shows a sharp rise of 41% to 7.7 million dinars, against 5.4 million a year earlier.

    In addition, net financial expenses amounted to 5.9 million dinars, compared to 4.9 million dinars in 2017, up 20.4%.

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