Smart Tunisie Announces 2024 Financial Results
Smart Tunisie has announced its 2024 financial results, with a net income of 15,611 MTND, representing a 1.7% year-over-year increase. The company's annual revenue reached 395,084 MTND, up 18.8% from the previous year.
Key Financial Highlights
- Gross margin: 52,092 MTND, with a margin rate of 13.18%, up 13.9% from 2023
- Financial expenses: 15,527 MTND, a 13% increase, reflecting a greater need for working capital
- Consolidated financial statements show a profit of 15,034 MTND
Dividend Distribution
The Board of Directors has decided to convene the Ordinary General Meeting on April 25, 2025, and propose the distribution of a dividend of 0.900 TND per share. This dividend will be paid out of the share premium exemption from tax (0.540 TND) and retained earnings subject to withholding tax (0.360 TND). Based on yesterday's closing price, the yield stands at 6.49%, above the market average. This dividend payout is expected to boost the stock price, which has fallen by 2.56% since the beginning of the year.
Reminder: Free Shares Entitled to Dividend
The free shares allocated in November 2024 (1 new free share for every 6 old shares) will be entitled to this dividend, as the entitlement date was set at January 1, 2024.
