National Plastic Counter (CNP) Releases 2024 Financial Statements
The National Plastic Counter (CNP), a specialist in transforming plastic materials through extrusion, injection, and printing processes, has published its 2024 financial statements.
Key Financial Highlights
- The company achieved a turnover of 75,608 million dinars, representing a slight increase of 1.6% year-over-year.
- Exports totaled 15,679 million dinars, accounting for 20.7% of total sales.
- Operating expenses increased by 5.7% to 75,394 million dinars, largely due to the rising costs of raw materials imported from abroad, exacerbated by the war in Ukraine.
- The operating result stood at 0.301 million dinars, down from 3,179 million dinars the previous year.
- The company's EBITDA reached 4,456 million dinars, with a limited financial charge coverage ratio of 0.88x, compared to a more favorable situation two years prior.
Financial Performance and Outlook
To achieve these results, the company relied on bank debt, with its net financial debt reaching 56,222 million dinars. The net result was -3,046 million dinars, compared to -1,562 million dinars the previous year. The company's equity stands at 45,836 million dinars, with no risk to its fundamentals. The company's expertise and leadership position provide an opportunity for it to rebound and regain its historical performance. Controlling operating costs is key to any recovery, particularly in the face of intense price competition, including in the local market. This poses a challenge for management, especially with increasingly expensive operations.
Future Prospects
Despite the current challenges, the National Plastic Counter (CNP) has the potential to recover and regain its position in the market. With a focus on cost control and strategic management, the company can overcome the current difficulties and achieve improved financial performance in the future.
