(Ecofin Agency) - 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.