(Ecofin Agency) - Despite a 5% increase in its turnover, the net loss of the Tunisian company for equipment (STEQ), which is listed on the Tunisian stock exchange, worsened in the first half 2017, standing at TND2.75 million ($807,400), against TND1.4 million over the same period last year.

The poor performance is once again due to an increase of the firm's financial charges. Indeed, the latter reached TND4.25 million during H1 2017, up 66% as compared to TND2.55 million in the first semester of 2016.

STEQ, which specializes in the wholesale of car spare parts and car hiring, had to pay loans of up to TND20 million. These include short-term loans contracted to pay import duties and pay back banks’ loans on schedule.

Chamberline Moko