Ennakl Automobiles Releases 2024 Financial Statements and First ESG Report
The Board of Directors of Ennakl Automobiles has approved the individual and consolidated financial statements for the 2024 fiscal year. The year was marked by 6,599 registrations, representing a 12% market share. The turnover stood at 594,989 MTND, a 7.8% decrease compared to the previous year. The net result reached 44,218 MTND, a 27% increase compared to 2023.
At the consolidated level, the turnover totaled 677,720 MTND, also down 5.4% year-over-year. The consolidated net result after taxes stood at 48,347 MTND, an improvement of 20%.
The Board also approved the company's first ESG (Environmental, Social, and Governance) report for the 2024 fiscal year. This marks a significant milestone in the company's commitment to sustainability and transparency, providing stakeholders with a clear vision of the actions and progress made in environmental, social, and governance areas. Last year, only seven companies published such a report, and Ennakl Automobiles will be the eighth company to do so.
Shareholders will be convened to an Ordinary General Meeting on April 25, 2025, to vote on, among other things, a dividend distribution of 0.880 TND per share, compared to 0.700 TND last year. The net yield is 6.85% (based on yesterday's closing price), higher than the market average. The stock's performance since the beginning of the year stands at 8.86%. The year 2024 was a success for Ennakl, and there are no particular risks for the current fiscal year. For those who hold the stock, it is a title to keep.
