Land'Or Sees 3% Decline in Revenue for the First Nine Months of 2024
At the end of the first nine months of 2024, Land'Or's revenue decreased by 3% compared to the same period in 2023. While the local market continues to experience significant growth, export sales remain affected by the situation in Libya.
Local Market Sees 9% Growth in Q3 2024
The company achieved a 9% increase in local revenue during the third quarter of 2024 compared to the same period in 2023. Cumulative growth over the first nine months stands at 10%.
Export Sales Plummet by 50% in First Nine Months of 2024
Export sales for the first nine months of 2024 decreased by 50% compared to the same period in 2023.
Border Blockages and Letter of Credit Issues in Libya Cited as Causes
The persistence of border blockages between Libya and Tunisia, as well as issues related to the opening of letters of credit in Libya, are the root causes of this decline.
