SAH Announces Positive Results for Q1 2024
The SAH has announced positive results for the first quarter of 2024, marked by a 4.8% increase in total revenue, reaching 133.6 million dinars. On the local market, revenue grew by 5.3%, reaching 106.2 million dinars, primarily driven by the remarkable performance of feminine hygiene and paper hygiene product lines.
The SAH experienced a favorable dynamic thanks to its export sales, generating revenue of 27.4 million dinars as of March 31, 2024. The Libyan market was the main contributor, accounting for 87.6% of total export sales. Baby and feminine hygiene products were also in high demand on international markets, representing 40% and 38% of export sales, respectively.
On the other hand, the company invested 5.8 million dinars, primarily in the acquisition of computer equipment for the refurbishment of its data center.
Furthermore, the SAH maintained stability in its debt structure, demonstrating prudent debt management. Its financial independence ratio improved from 88% to 90% between December 2023 and March 2024, highlighting effective treasury management and the company's financial solidity.