Latest news with #Tunindex20
African Manager
6 days ago
- Business
- African Manager
Listed companies: Broad-based positive performance
The net result for 2024 of the 64 listed companies that have published their financial statements (out of a total of 74) has improved by 13.3% compared to 2023, reaching a total of 3,101 million dinars (MD), according to a report published by the Tunis Stock Exchange titled 'Annual Results of Listed Companies (2024 vs 2023).' Out of the 64 companies, 46 reported profit growth. The 10 companies that have yet to publish their 2024 financials include: AETCH, ALKIMIA, SANIMED, SOMOCER, SOTEMAIL, SIPHAT, STIP, TUNISAIR, TGH, and UADH. Companies in the Tunindex20 index accounted for 77.5% of the total 2024 profits, with 2,403 MD, up 10.7% year-over-year. For the second consecutive year, dividend distribution has improved. 49 listed companies paid dividends in 2025 for the 2024 fiscal year, compared to 47 in the previous cycle. The total distributed reached 1,568 MD, up from 1,383 MD in 2023. Financial sector: 9% growth In the financial sector, the 12 listed banks achieved an overall profit of 1,683 million dinars (MD), an increase of 8.4% compared to 2023. The 7 listed leasing companies saw their annual profit rise by 10.7%, reaching 116.6 MD, up from 105.3 MD the previous year. For their part, the 6 listed insurance companies recorded a 10% improvement in their annual profit, reaching 151 MD compared to 138 MD in 2023. Across all companies in the financial sector (28 companies), the total annual profit increased by 9% compared to 2023, with an overall amount of 1,986 MD versus 1,823 MD. Regarding the Consumer Goods sector, the overall profit for 2024 increased by 15.2%. Specifically, the combined annual profit of the three major agri-food groups (Poulina Group Holding, Délice Holding, and SFBT) rose by 7.3%, reaching 546 million dinars (MD). As for the Consumer Services sector, the overall profit for fiscal year 2024 saw a sharp increase of 73.8% compared to the previous year. However, the two listed retail chains (Monoprix and Magasin General) recorded an annual net loss of 3 MD, marking an improvement from the previous year's loss of 41 MD. For the listed automotive dealers (excluding UADH, which has not yet published its 2024 financial statements), the overall profit increased by 22.8%, reaching 125 MD, compared to 102 MD in fiscal year 2023. Overall, eight out of the nine sectors recorded positive performance in 2024. The best performance was achieved by the Consumer Services sector, followed by the Basic Materials sector. Among subsectors, nine showed positive growth, with the 'Distribution' and 'Household & Personal Care Products' subsectors posting the strongest growth.
African Manager
06-04-2025
- Business
- African Manager
Tunisia: Tunindex gains 3.26% in March 2025
The Tunindex closed the month of March 2025 at 10,973.67 points, recording a gain of 3.26% after a rise of 3.97% in February 2025, according to the monthly analysis published by the Tunis Stock Exchange. Since the beginning of the year, its cumulative gains have reached 10.25% compared to a rise of 1.95% during the same period in 2024. The trading volume on the bourse reached 222.5MD, an increase of 58.4% compared to the previous month. The average daily trading volume was 11.7 million dinars compared to 7.0 million dinars in February and 8.2 million dinars since the beginning of 2025. Tunindex 20 up 3.40% in March 2025 The Tunindex 20 recorded an increase of 3.40% in March 2025, after a rise of 5.20% in the previous month, closing at 4,897.72 points. Since the beginning of the year, the Tunindex20 has risen by 11.72%, compared with 3.76% over the same period in 2024.
African Manager
11-02-2025
- Business
- African Manager
Tunisia: Total revenue of listed companies exceeds 25 billion dinars
The activity indicators of listed companies for the fiscal year 2024 show an overall revenue increase of 3.2% compared to 2023, reaching 25.1 billion dinars, up from 24.3 billion dinars. Of the 71 companies that have published their indicators, 53 (75%) reported improved cumulative revenues compared to the previous year. The 20 companies comprising the Tunindex20 accounted for 15.5 billion dinars (62% of total revenue), marking a slight increase of 1% compared to the previous year. In the banking sector, the cumulative Net Banking Income (NBI) of the 12 listed banks reached 7,102 million dinars (MD) in 2024, up from 6,709 MD in 2023, reflecting a 5.9% growth. Meanwhile, the cumulative net leasing income of the 7 listed leasing companies rose by 6.4% in 2024 compared to 2023, reaching 562 MD, up from 528 MD. For the 6 insurance companies, the total amount of premiums issued reached 1,522 MD, compared to 1,394 MD, showing a notable increase of 9.2%. The financial sector, which includes 28 listed companies and represents the largest market capitalization, generated total revenue of 9,224 MD, up from 8,663 MD in 2023, a 6.5% increase. In the Consumer Goods sector, the total revenue of the three major agro-industrial groups (Poulina Group Holding, Délice Holding, and SFBT) declined by 1.4%, reaching 6,178 MD compared to 6,263 MD in 2023. The Consumer Services sector, which includes 11 listed companies (including UADH, which has not yet published its indicators), reported total revenue of 5,382 MD, up from 5,019 MD in the previous year. The revenue of the two listed retail chains grew by 6.6% during the 12 months of 2024, reaching 1,914 MD, compared to 1,796 MD in 2023. Similarly, the total revenue of the four automotive dealers (excluding UADH) increased by 7.9% as of December 31, 2024, reaching 1,323 MD, up from 1,226 MD in 2023. Among the twelve sub-sectors, nine showed positive performance. The best-performing sub-sectors were Chemicals with 10.7%, followed by Personal Care and Household Products with 9.4%, Insurance with 9.2%, and Distribution with 8.4%. Underperformance was mainly observed in three sub-sectors: Industrial Goods and Services (-8.7%), Construction and Building Materials (-14.9%), and Food and Beverages (-1.4%). The highest revenue increases were achieved by PLACEMENT DE TUNISIE (+86.7%), ARTES (+80.5%), MPBS (+49.3%), and STA (+37.3%). The largest revenue declines were recorded by ESSOUKNA (-94.6%), CIMENTS DE BIZERTE (-65.4%), SIMPAR (-65.1%), and SOTUVER (-38.4%).
