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Tunisia: SOTUMAG improves its net profit by 10% in H1

September 1, 2022

The Tunisian Company of Wholesale Markets (SOTUMAG) has published its interim financial statements ended June 30, 2022. These statements show a net profit of 3.4 million dinars, against 3 million at the end of June 2021, a growth of 10%.

The public company has achieved a turnover of 7.8 million dinars in the first half of the current year, against 7.6 million a year earlier, a slight increase of about 3%.

As for operating expenses, they fell from 5 million dinars to 4.9 million between June 2021 and June 2022, recording a slight decrease of 2%.

As a result, the operating income comes out 13% higher to 2.9 million dinars, compared to 2.5 million in the first half of 2021.

Net investment income rose by 37% to 1.1 million dinars, compared to 821 thousand dinars at the end of June last year.

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