Tunisian Glass Company Sotuver Sees Net Profit Rise to 38.19 Million Dinars in 2023
The Tunisian glass company, Sotuver, has reported a net profit of 38.19 million dinars in 2023, up from 30.88 million dinars in 2022, representing a significant increase in its profits. This growth is also reflected in its operating result, which rose to 44.91 million dinars in 2023, compared to 38.92 million dinars in 2022.
Analysis of Results Reveals Strong Performance
An analysis of the components of these results reveals that operating products increased to 170.47 million dinars by the end of the 2023 fiscal year, compared to 160.37 million dinars in 2022. This increase is primarily attributed to a 6% rise in revenue over the year, from 156.20 million dinars in 2022 to 165.99 million dinars in 2023. This revenue growth demonstrates Sotuver's ability to develop its activities and capitalize on market opportunities.
Operating Expenses Also Rise
In parallel, operating expenses also increased, albeit at a slower pace, reaching 125.55 million dinars in 2023, compared to 121.45 million dinars in 2022. This increase in expenses reflects the investments and efforts made by the company.
Key Events in 2023
The year 2023 was marked by several significant events for Sotuver. Firstly, the company acquired 2,599 million shares of the "SGI" company's capital, with the purchase of 1.6 million shares from "ATTIJARI SICAR" and 999,000 shares from "Lloyd Tunisien".
Furthermore, the company subscribed to a new loan from the "Banque de Tunisie" for an amount of 2.8 million dinars, repayable over a period of 7 years at a rate of TMM+1.65%. This highlights the company's willingness to mobilize the necessary resources to support its growth and investment projects.