Office Plast Publishes 2024 Financial Statements: Net Profit Up 47.9%
Office Plast has released its financial statements for the 2024 fiscal period, with a net profit of 0.355 MTND, a 47.9% increase compared to 2023. The company's turnover reached 34.926 MTND, also up 10.7% year-over-year. Export sales performed well, with a volume of 21.217 MTND in 2024, compared to 16.415 MTND the previous year.
Operating expenses followed the same trend, totaling 32.324 MTND, including 21.428 MTND of consumed supplies. The operating result stood at 2.719 MTND, but was almost absorbed by financial expenses, which reached 2.586 MTND. Office Plast is significantly indebted, with loans of 4.279 MTND (6.520 MTND at the end of 2023) and bank overdrafts of 1.770 MTND (1.255 MTND at the end of 2023).
At the consolidated accounts level, the Group's net profit rose to 0.635 MTND, a significant increase from the 0.101 MTND recorded in 2023. The Group consists of Office Distribution SA (fully consolidated) and Office Store SA (equity method).
The start of 2025 has been positive, with turnover recording a sharp increase of 28.8% to 5.540 MTND, thanks to export demand (+86.9% to 3.340 MTND).
On the market, the company has posted an annual return of 4.85% since the beginning of the year. It is expected to maintain its balance in a market dominated by financial institutions. If the board of directors decides to distribute a dividend, the stock could benefit from a real catalyst. The widely-held shareholding structure provides a certain stability to the share price and significant support for management in its strategy.
