Sotuver Publishes Q4 2024 Activity Indicators
Sotuver has released its activity indicators for the fourth quarter of 2024.
Revenue Down 34% Compared to 2023
The company's revenue saw a 34% decline compared to 2023, resulting in a 38% annual decrease. Over the entire year, Sotuver generated a total revenue of 105 billion dinars. When including sales from its subsidiary SGI, the group's consolidated revenue decreased by 9% compared to 2023.
Investments Reach 93 Billion Dinars
Investments made in 2024 amount to 93 billion dinars, primarily allocated to the renovation and modernization of production tools (48 million dinars) and the acquisition of shares in SGI's capital (44 billion dinars).
Global Debt Reaches 182 Billion Dinars
As of December 31, 2024, the company's global debt stood at 182 billion dinars, representing an 83% increase compared to the previous year. This surge is mainly attributed to the use of medium- and long-term loans to finance significant material and financial investments.
