Tunisia: Tawasol Group Holding sees individual net income fall 75% in 2017

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    TAWASOL GROUP HOLDING has just published its individual financial statements as of December 31, 2017. These statements show a turnover of 2.04 million dinars, down 40.2% from the previous year.

    The operating result fell in turn by 53% to 1.2 million dinars against 2.6 million in 2016.

    As a result, Net Profit went down by 74.4% from 2.28 million dinars in 2016 to 0.59 million at the end of the 2017 financial year.

    The cash flow statement shows that the company cashed loans of 140 million dinars during the 2017 financial year while repaying an equivalent amount.

    The company also closed 2017 with a surplus of 19.9 million dinars against 22.3 million at the end of 2016.

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