Poulina Group Holding Reports Mixed Results for First Half of 2024
Revenue Down 4.1%, Net Income Up 24.9%
During the first half of 2024, Poulina Group Holding recorded a slight decline in its consolidated revenue, down 4.1% to 1,625.1 million Tunisian dinars (Mtnd).
Despite this revenue drop, the company's net income saw a significant increase. As of June 30, 2024, net income stood at 59.7 million dinars, up from 47.2 million dinars during the same period in 2023, representing a notable 26.5% growth. In comparison, net income as of December 31, 2023, was 127.4 million dinars.
The consolidated net income for the period followed the same positive trend, reaching 60.7 million dinars as of June 30, 2024, up 24.9% from 48.6 million dinars during the same period last year. As of December 31, 2023, this figure stood at 129.7 million dinars.
Operating expenses, on the other hand, decreased by 4.6% during the first half of 2024, amounting to 1,470.8 million dinars.
This reduction in expenses enabled the company to record a slight increase in operating income, which grew by 1.9% to 161.2 million dinars.
Finally, investment products saw a significant 68.2% increase, reaching 45.8 million dinars.