MG's 2023 Financial Results Reveal Net Loss
The financial results for 2023, published yesterday, June 3, reveal a significant decline compared to the previous year. The company reports a net loss of 34.01 million dinars, compared to a profit of 4.18 million dinars in 2022.
This underperformance is mainly explained by an increase in operating expenses, which jumped by 8.5% to reach 1,035.93 million dinars in 2023. Despite this challenging context, the company managed to maintain a positive dynamic in its operating products, which increased by 7.3% to 1,022.40 million dinars.
Despite this loss, the company's equity remains positive, standing at 85.98 million dinars as of December 31, 2023.
