Tunisia: STEQ announces a half-yearly profit of 182,000 dinars, down 52%

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    The Tunisian Company of Equipment (STEQ) has just published its interim financial statements as of June 30, 2019. These statements show a net profit of 182 thousand dinars, against 381 thousand dinars a year earlier, down 52%.

    The company’s half-yearly revenues amounted to 20.7 million dinars, compared with 22 million at the end of June 2018, a decline of -6.2%.

    As for the sales rating, it went from 17.4 million dinars to 16.2 million between June 2018 and June 2019.

    To this end, the gross margin stands at 4.5 million dinars, a slight decrease of 3%.

    Operating income for the period was 1 million dinars, compared with 0.9 million a year earlier. Net financial expenses are down sharply by 70% to 1 million dinars.

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