The net profit of the Atelier du Meuble Interior (SAM) Company, specializing in the manufacture, assembly, assembly and marketing of all types of furniture and decorative items, fell sharply by 88.79% at the end of the first half of 2020 compared to the same period of the year 2019, announced the leaders of this Tunisian company based in La Marsa, north-east of Tunis.
This result fell from 1.618 million dinars on June 30, 2019 to 181,423 dinars on June 30, 2020, a plunge of 1.437 million dinars. As for the company’s revenues, they fell by 33.46% to 6.884 million dinars against 10.346 million dinars as of June 30, 2019. In terms of expenses, the purchases consumed were reduced by 2.045 million dinars with an achievement which stands at 4.262 million dinars during the period under review against 6.507 million dinars as of June 30, 2019.
Likewise, personnel costs were reduced by 4.59% to 1.246 million dinars against 1.306 million dinars in the first half of 2019. In total, SAM operating costs were reduced by 28.25% to 6.616 million dinars against 9.222 million dinars at the end of the first half of 2019. As for the operating profit, it fell by 74.18% with a level which fell from 1.222 million dinars on June 30, 2019 to only 315,528 dinars a year later.
Between the end of June 2019 and the end of June 2020, the shareholders’ equity of SAM increased by 469,394 dinars with achievements amounting to 10.290 million dinars and 10.759 million dinars respectively. During this same period, the company reduced its loans and similar debts by 335,145 dinars, which amounted to 1.635 million dinars against 1.970 million dinars.