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Société Tunisienne des Marchés de Gros H1 profit climbs 38.9% YOY

Société Tunisienne des Marchés de Gros SA said its first-half normalized net income was 74 millimes per share, a gain of 38.9% from 53 millimes per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 980,310 dinars, a gain of 38.9% from 705,980 dinars in the year-earlier period.

Total revenue grew 16.8% year over year to 5.4 million dinars from 4.6 million dinars, and total operating expenses rose 10.4% on an annual basis to 4.2 million dinars from 3.8 million dinars.

Reported net income increased 29.0% from the prior-year period to 1.1 million dinars, or 81 millimes per share, from 829,540 dinars, or 63 millimes per share.

As of Oct. 3, US$1 was equivalent to 2.20 Tunisian dinars.