Magasin Général Publishes 2nd Quarter 2024 Activity Indicators
The company Magasin Général has released its activity indicators for the 2nd quarter of 2024.
Revenue Growth The tax-free revenue has increased by 7.02% compared to the same period of the previous year.
Personnel Expenses Personnel expenses have also risen by 11.12% compared to the same period of the previous year. This cost increase has led to a slight adjustment of the salary mass ratio to revenue, from 8.59% as of June 30, 2023, to 8.80% as of June 30, 2024.
Expansion In terms of expansion, Magasin Général has expanded its network of points of sale to 103 units by the end of the 2nd quarter of 2024. This is thanks to the opening of the new "Batam Ain Zaghouan" store.
This strategic expansion reinforces the brand's presence on the territory and responds to the growing demand from customers.