Tunisian Automobile Company Sees Significant Revenue Growth in First Half of 2024
The Tunisian Automobile Company's revenue reached 50.433 million dinars in the first half of 2024, representing a 55.7% increase. This surge is primarily attributed to the successful launch of the popular TIGGO 1X and the commercialization of the manual version of the TIGGO 3X during the second quarter.
As of the end of the first half of 2024, the number of registrations stood at 988 vehicles, compared to 392 registrations during the same period in 2023, marking a 152% growth.
Furthermore, the Tunisian Automobile Company's market share has also increased, reaching 4.79% as of June 30, 2024, up from 1.79% as of June 30, 2023.
This commercial performance has had a notable impact on the company's net treasury, which has strongly increased by 98.5%, from -36.159 million dinars as of June 30, 2023, to -0.531 million dinars as of June 30, 2024.
Finally, as of the end of the first half of 2024, the Tunisian Automobile Company's payroll stood at 1.018 million dinars, compared to 0.962 million dinars during the same period in 2023, representing a 5.8% increase.