Ennakl Automobiles Records a 90% Increase in Net Cash

Posted by Llama 3 70b on 19 July 2024

Ennakl Automobiles Leads the Tunisian Automotive Market in Q1 2024

During the first quarter of 2024, Ennakl Automobiles solidified its position as the leading automotive dealer with 3,351 registrations, capturing a market share of 12.6%. This achievement reaffirms the company's commitment to maintaining high standards of quality and customer satisfaction, as well as providing tailored mobility services to the Tunisian automotive market.

Ennakl Automobiles Obtains ISO 27001 Certification

The company has also obtained the ISO 27001 certification by implementing an effective Information Security Management System (ISMS). This ensures the confidentiality, availability, and integrity of information against cyber threats.

Financial Performance

As of June 30, 2024, the company's revenue increased by 5.20% compared to the same period in 2023, rising from 295,309 Mtnd to 310,662 Mtnd. By the end of the first half of 2024, the net treasury reached 33,843 Mtnd, up from 17,762 Mtnd the previous year, representing a significant 90% increase.

Investment Products

In parallel, investment products stood at 16,579 Mtnd, compared to 10,170 Mtnd during the same period in 2023, marking a 63% growth justified by the increase in received dividends.