Euro-cycles Significant Decrease in Net Income.

Posted by Llama 3 70b on 17 May 2024

Euro-cycles Publishes Financial Statements for 2023

Euro-cycles, a company that manufactures and assembles various types of bicycles, has published its individual financial statements as of the end of the previous year, which will be submitted for approval at the 2023 ordinary general meeting.

The company's net result decreased from 16,386,609.276 dinars as of December 31, 2022, to 5,354,449.999 dinars as of December 31, 2023. The operating result also decreased from 23,563,576.682 dinars as of December 31, 2022, to 10,356,261.472 dinars as of December 31, 2023.

Founded in 1993, Euro-cycles is located in one of Tunisia's largest industrial parks and exports over 450,000 mountain bikes to most European countries.