Monoprix Publishes Q2 2024 Activity Indicators
The New Tunis City Company, SNMVT "Monoprix", has released its activity indicators for the second quarter of 2024.
As of June 30, 2024, Monoprix's tax-free turnover (HT) recorded a 9.10% growth compared to the same period in 2023. This increase is partly due to the national operation of distributing extra virgin olive oil at a competitive price of 15 TND per liter, without profit margin. Excluding this operation, the HT turnover growth for the first half of the year is 5.88%.
The wage mass ratio has slightly decreased, going from 10% in 2023 to 9.73% in 2024. This decline is attributed to the growth in turnover combined with a slight reduction in staff numbers.
Financial charges and products have overall decreased during the first half of 2024 compared to the same period in 2023. This decrease is mainly due to a drop in dividends received from SNMVT subsidiaries.
The number of active points of sale has increased to 85 stores after the opening of the Riadh Al Andalous store in February 2024 and the closure of the Bab El Khadhra and Ettadhamen stores.