First Benefit of 2024 Falls: Attijari Leasing Announces Impressive Results
Attijari Leasing informed its shareholders and the public yesterday that its Board of Directors held a meeting on February 4, 2025, to review the company's activity and approve the individual financial statements for the 2024 fiscal year, which are now being submitted to the auditors.
The individual financial statements reveal a net profit of 10,003 MTND, a 13.4% increase year-over-year. In light of these achievements, the Board of Directors will propose a dividend distribution of 2 TND per share at the next Ordinary General Assembly. For comparison, last year's dividend was 1,500 TND per share. The statement reminded that the confirmation of this dividend remains subject to the approval of the Central Bank of Tunisia.
On the market, the stock has already shown a return of 12.29% since the beginning of the year. Taking into account a 10% withholding tax, the current yield stands at 8.33%. Buying the stock remains a good deal.
The significance of this announcement goes beyond Attijari Leasing alone. There were doubts about the ability of the entire financial sector to post good performances this year due to fiscal pressures and the overall economic gloom. Attijari Leasing's achievements will give investors hope for results and, more importantly, dividends. The Tunindex will benefit from this boost, and we expect it to rise in the coming weeks.
