Tunis Stock Exchange: Somocer, turnover up 18.36%


At the end of the fourth quarter of 2018, the Somocer managed to give more impetus to the growth vector of its revenues. Indeed, the company closed the last quarter of the year with an overall turnover of 28.288 MTD, an increase of 18.36% compared to the same date of 2017. This evolution was favored by the addition of several factors, thus defying, and in all perseverance, a general context however constraining.

At the local level, sales accelerated during the last quarter of 2018 to reach 24,225 MTD, showing an evolution of about 15.51% compared to the last quarter of the previous fiscal year.

On the international side, turnover jumped to 4,064 MTD, an appreciation of nearly 39%, driven mainly by the development of a number of foreign partnerships. The latter showed prosperity during the final quarter of 2018, leading the company to absorb a large part of the Algerian market share, lost due to customs restrictions imposed on imports.

Total sales stood at 86.837 million TND as of December 31, 2018, thus increasing 2.5% compared to the same date a year earlier.

Cumulative local revenue reached 76.377 million TND at the end of 2018, an increase of 3.66% over the same period last year.

Production increased by 8.79% over a rolling year and stabilized at TND 90.292 million at the end of 2018.

Investments totaled 6.533 million dinars at the end of 2018, with a flood of about 7.93% year-on-year.

Bank commitments increased by 13.22% to TND 66.108 million at 31 December 2018, compared to TND 58.388 million in the same period of 2017. Long-term and medium-term debt represents , 5%) of the total commitment as at 31-12-2018.

This being the case, it should be noted that the breakdown of bank commitments and their changes compared to 30 September 2018 is as follows:


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