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.