finance & economy

Tunisia: SFBT posts a net result of 116.7 MD in H1 2020

August 31, 2020

The “Société de Fabrication des Boissons de Tunisie” (SFBT) posted a net income of 116.7 million dinars during the first half of 2020 against 116.4 MD during the same period of 2019, according to its interim financial statements as of June 30, 2020 published on the site of the Tunis Stock Exchange.

According to the same source, the company achieved a turnover of 309.3 MD, at the end of June 2020, against 290.6 MD at the end of June 2019.

Its operating expenses increased from 233.3 MD to 246.4 MD.

Its operating result during the first half of 2020 was 65.8 MD against 59.8 MD during the first half of 2019.

Investment income reached 68.9 MD at the end of the first half of 2020 against 69.4 MD in 2019.

Beer sales on the local market made it possible to compensate for the drop in beer sales on the export market.

The SFBT has been authorized to work as a food processing industry during the lockdown period that was decreed from March 22, 2020 due to the COVID 19 pandemic.

After some disruptions due to problems with traffic permits and public transport stops, the situation gradually improved.

For soft drinks, the company has returned to normal activity. The increase in sales of family-size bottles consumed at home offset the decline in sales of small bottles consumed in closed cafés, hotels and restaurants during the lockdown period.

In the case of beer, sales on the local market offset the drop in sales of beer for export.

The SFBT also stressed that overall and to date, the health crisis and the general lockdown decreed by the Tunisian State have not had a significant impact on the interim financial statements.

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