SPDIT Sicaf Reports Record Profit for First Half of 2024
The Industrial and Tourist Development and Investment Company - SPDIT Sicaf has published its financial statements for the first half of 2024. As expected, the portfolio manager has achieved a record profit of 28,890 MTND, compared to 21,633 MTND for the same period in 2023.
With revenues of 30,956 MTND, including 17,478 MTND in dividends from unlisted participations and 7,245 MTND in capital gains from disposals, SPDIT has secured profits for the period. A total of 90,359 BIAT shares were sold during the period. As a reminder, the unit cost of BIAT shares held in SPDIT's portfolio is only 11,213 TND.
Provisions for depreciation of securities were limited to 0,390 MTND, thanks to the quality of the shares held and the good market behavior during the first six months of the year. This contributed to an operating result of 29,975 MTND, up 33.4% year-over-year.
The portfolio of listed shares shows latent gains of 31,944 MTND, based on stock prices at the end of June 2024. Therefore, there is potential for further gains, and we do not rule out the continuation of the disposal strategy in the second half of the year, particularly in the banking sector. SPDIT is one of the best titles to have in its assets, and it's never too late to acquire it.
