CIL Reports Strong Financial Performance in Q1 with 5% Increase in Net Revenue
In the first quarter of this year, the International Leasing Company (CIL) announced a positive development: its net revenue increased by 5% compared to the previous year, reaching 20,222 TND, up from 19,210 TND. This encouraging growth indicates that the company is performing well financially.
At the same time, its treasury also saw a significant boost, with a 34% increase compared to last year. This means that CIL has more cash on hand to invest and cover its expenses.
Several key points marked CIL's activity during this quarter:
- Financing requests increased significantly, with a 32% rise. However, the number of contracts actually concluded only increased by 1%. This can be partly attributed to delays in the availability of certain equipment, but this issue is expected to be resolved in the coming months.
- CIL's commitments also increased by 11%, indicating that more and more clients are trusting its services.
- On the other hand, there was a 12% decrease in classified commitments, which shows that the company is taking prudent decisions and avoiding risky projects.
- Finally, net revenue from leasing contracts decreased slightly by 4%. This is a point to monitor, but it does not undermine the company's overall good performance.
Overall, CIL's financial performance in Q1 is a positive sign for the company's future prospects.