Last year in Tunisia, the largest declines in revenues was recorded in the consumer services sector (-29.2% yoy) and the telecom sector (-21.9% yoy). The figures were reported in a note published this month by the Tunis Stock Exchange.
Most of the companies operating in these sectors and listed on the stock exchange achieved lower revenues at the end of 2020. Of the 3 listed companies in the telecommunications sector, Servicom (-42.7%) and Tawasol Group Holding (-2.6%) posted negative revenues. Sotetel, for its part, is still yet to publish its activity indicators for this period.
In the consumer services segment, five of the eight publicly traded retail chains posted lower revenues, while three others improved their revenues. This revenue decline is part of a broader context of an 8.1% decline in the overall revenue of the 48 listed companies, all sectors combined, by the end of 2020. This situation is attributable to the adverse effects of the health crisis due to covid-19, the document points out.
Under such conditions, companies that generated negative revenues will work over the next fiscal year to return to their pre-crisis levels, or to limit losses.
Chamberline Moko
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Global wind capacity reached 1,299 GW after 165 GW added China led growth, installing 120 GW, over half global total Capacity must hit 320...
Sierra Leone to relaunch Sierratel via MVNO deal with Africell Government says move avoids privatization, reduces infrastructure...
Government seeks to strengthen export council after steady trade growth New border facilities and support tools planned to ease...
Final two of 10 new locomotives delivered to state rail operator CFM Move aims to support growing cross-border freight demand Part of...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...