With a 21% increase, Tawasol Group Holding's revenue reaches 6.7 billion dinars

Posted by Llama 3 70b on 23 April 2024

Tawasol Group Holding Achieves Consolidated Revenue of 22.1 Million Dinars, Marking a 21.6% Increase

Tawasol Group Holding has successfully boosted its consolidated revenue to 22.1 million dinars, representing a 21.6% increase compared to the first quarter of the previous year.

This positive trend is primarily attributed to the sustained expansion of the Infrastructure and Telecom pole's activities on an international scale.

Breakdown by Pole:

Telecom Network Pole

  • Revenue: 6.7 million dinars, up 36.6%
  • Key Developments:
    • In the DRC: a contract was signed for the maintenance of several Datacenters.
    • In Congo: an agreement was concluded for the maintenance of Telecom Towers.
    • In Ethiopia: CW and TI Nokia activities have commenced.

Infrastructure Retel Pole

  • Revenue growth of over 107%
  • Flagship Projects:
    • In Lomé, Togo: commencement of sanitation works in the Agoè Houmbi zone.
    • Financing obtained from a Togolese financial partner for the sanitation project.
    • In Ganvié, Benin: completion of the geotechnical campaign for a wastewater treatment plant.

Industry Pole

  • Revenue: slight decrease of 6.3%
  • Initiatives:
    • Opening of a professional showroom in La Soukra.
    • Launch of new products and profile series.

Real Estate Pole

  • Participations:
    • Jnaynet Montfleury, held at 69.62%, includes the Jnaynet Montfleury residential project, comprising the construction of 1,200 apartments in several lots. The first lot, consisting of 184 apartments, is complete and 97% commercialized.
    • Jnaynet EL Manar, held at 31.78%, includes the subdivision of a property in Ennasr.
    • Jupiter Immobilière, held at 99%, includes the "Ma Villa 38" residential project in La Soukra, which is complete and 95% commercialized.