Office Plast Sees 20% Increase in Production Value in Q2 2024
At the end of the second quarter of 2024, Office Plast's production value reached 10.38 million dinars, a 20% increase compared to the same period in 2023.
This growth is mainly attributed to the need to respond to a well-filled order book.
The export turnover also progressed, recording a 10% increase in the second quarter of 2024 compared to the previous year, thanks to the improvement in European market orders.
However, the overall turnover for the first half of 2024 decreased by 2% compared to the same period in 2023, due to a 25% drop in local sales.
This decline is explained by a shift in the sale of school supplies, impacting domestic revenue.
The value of investments in the first half of 2024 amounted to 0.40 million dinars, a 47% increase compared to the same period in 2023.
These investments aim to improve the company's production capacity.
On the financial side, the company's debt decreased, going from 21.81 million dinars as of June 30, 2023, to 21.43 million dinars as of June 30, 2024, a 2% decrease.
Meanwhile, Office Plast's treasury balance turned positive, reaching 1.68 million dinars, a significant improvement of 2.12 million dinars compared to the previous year.
