Tunisia: Tawasol announces net profit share group loss of 754 thousand dinar

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    The company TAWASOL GROUP HOLDING has just published its consolidated financial statements as at December 31, 2017.

    These statements show a consolidated net income group share posting a deficit of 754 thousand dinars, against a profit of 323 thousand dinars the previous year.

    Although it is in surplus, the Group’s operating profit fell by 19% to 6.8 million dinars against 8.5 million in 2016.

    The Group’s total revenues also went down in 2017 to 100.2 million dinars against 130.9 million a year earlier, i.e. a decline of 23.4%.

    Operating expenses amounted to 93.4 million dinars, of which 15.2 million were related to staff costs.

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