SIAME Publishes Consolidated Financial Statements for 2023

SIAME (Industrial Company for Electrical Equipment and Materials) has published its consolidated financial statements as of December 31, 2023, which will be submitted for approval at the Ordinary General Assembly meeting on May 23, 2024.

Net Result

The company recorded a net loss of 339,389 TND, but the situation has significantly improved in 2023 with a net result of 1,477,497 TND. This is mainly due to the fact that in 2022, the ordinary activity result was negative at -71,091 TND, but significantly improved in 2023 to reach 1,937,262 TND.

Operating Result

The operating result has increased from 2,764,684 TND in 2022 to 4,868,729 TND in 2023, representing an increase of over 76%.