Tunisia: 43% increase in the consolidated profit of Telnet Holding S.A group in the first half of 2020

The consolidated profit of the Telnet holding SA group, a Tunisian company specializing in software studies, electronic systems and telecommunications networks and controlling about twenty companies, increased by 42.59% at the end of the first half of 2020 compared to the same period of the year 2019, announced the leaders of this company based in Tunis.

This consolidated profit rose from 2.205 million dinars on June 30, 2019 to 3.144 million dinars on June 30, 2020, an increase of 939,378 dinars. The group’s share in this profit is 3.090 million dinars against 2.065 million dinars in the first half of 2019.

However, the group’s income fell from 2.311 million dinars to 19.426 million dinars against 21.738 million dinars as of June 30, 2019. In terms of expenses, purchases of consumed supplies were reduced by 490,766 dinars with an achievement that s’ is established at 2.938 million dinars against 3.429 million dinars on June 30, 2019. Similarly, personnel costs were reduced by 9.96% to 10.271 million dinars against 11.408 million dinars on June 30, 2019.

In total, the operating expenses of the Telnet Holding SA group were reduced by 10.49% to 16.649 million dinars against 18.602 million dinars at the end of the first half of 2019. As for the operating result, it recorded a drop of 6.18%, standing at 3.203 million dinars as of June 30, 2019 against 3.414 million dinars a year earlier.

As of June 30, 2019, the consolidated equity of the Telnet Holding group stood at 29.022 million dinars against 27.434 million dinars a year earlier, an increase of 1.588 million dinars. During the same period, the bank loans and other financial liabilities of the group amounted to 37,218 dinars against 842,346 dinars in the first half of the year, ie a sharp reduction of 95.58%.

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