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Société Tunisienne des Marchés de Gros H1 profit climbs 6.4% YOY

Société Tunisienne des Marchés de Gros SA said its normalized net income for the first half came to 53 millimes per share, a gain of 6.3% from 50 millimes per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 705,980 dinars, a gain of 6.4% from 663,810 dinars in the year-earlier period.

Total revenue grew on an annual basis to 4.6 million dinars from 4.4 million dinars, and total operating expenses rose from the prior-year period to 3.8 million dinars from 3.6 million dinars.

Reported net income increased 13.1% year over year to 829,540 dinars, or 63 millimes per share, from 733,660 dinars, or 56 millimes per share.

As of Sept. 1, US$1 was equivalent to 1.95 Tunisian dinars.