Artes Publishes Q1 2024 Activity Indicators
The company Artes has released its activity indicators for the first quarter of 2024. The turnover has significantly increased, reaching 29.669 billion dinars, a 5.305 billion dinar increase compared to the previous year, representing a 21.8% growth.
However, registrations have decreased by 85 vehicles, a 14.55% drop, from 584 units to 499 units for the same period. This variation is explained by a change in the product mix during the quarter.
The company's net cash has recorded a decrease of 77.147 billion dinars compared to the same period of the previous year, mainly due to an increase in stock values.
Financial products have also decreased by 0.970 million dinars compared to the previous year, due to the reduction of available net cash.
