Tunisia : BVMT-listed Unimed’s debt rose by 448% YoY in Q1, 2019
Thursday, 18 April 2019 17:37
The medium and long-term debt of pharmaceutical firm Unimed listed on Tunisia stock exchange grew by 448% year to year in S1, 2019 to reach TND20.8 million.
The firm explains that during the period under review, it borrowed TND4.8 million from banks for its expansion project.
According to Moroccan media citing Charfeddine Ridha (photo), UNIMED’s managing director, an TND80 million-investment plan is announced for the expansion of the firms’ laboratories.
Despite the growth of its debt, Unimed’s turnover rose by 124% year on year to reach TND31.1 million thanks to its sales on local and foreign markets that quarter.
Chamberline MOKO
Live News
-
China’s Changan Taps Côte d’Ivoire for African Growth Through Yango Partnership
09:42
-
UNHCR, ITU Expand Connectivity for Refugees Initiative to Reach 20 Million Displaced People by 2030
09:37
-
Cameroon Logistics Bodies Partner to Accelerate Digital Trade Operations
08:03
-
Cameroon Plans 650 Kilometers of New Roads in 2026 to Boost National Connectivity
07:59
-
After Crisis and Legal Turmoil, Chanas Assurances Appoints New CEO to Lead Turnaround
07:57
-
Tradex Resumes Fuel Sales in Equatorial Guinea, Appoints Interim CEO After Clampdown
07:39
-
Arrest Warrant Issued for Former Nigerian Oil Minister in $14.86M Refinery Probe
07:22
-
Maritime Region Adopts XOF4 Billion Roadmap to Spur Development
07:15
-
Togo, Algeria Step Up Efforts to Deepen Economic Ties
07:11
-
After Five Years of Expansion, Togo’s Cereal Production Records Mild Decline in 2024-2025
07:04
The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...
Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...
Africa is projected to supply up to 9% of the global rare earths market thanks to announced mines, p...
Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...
COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance dea...
Changan partners with Yango to expand smart mobility in Africa and the Middle East. Yango Motors becomes the official distributor of Changan vehicles...
UNHCR, ITU, and GSMA are expanding the Connectivity for Refugees initiative to connect 20 million forcibly displaced people and hosts by 2030. Chad...
Court issues arrest warrant for ex-oil minister Sylva over $14.86M fraud EFCC places Sylva on wanted list amid probe into failed refinery...
MTN Business Botswana partners with Ethica to launch smart connectivity service New SDIA solution ensures seamless internet by switching between...
Timkat, celebrated each year in Ethiopia, marks the feast of Epiphany in the Ethiopian Orthodox Church. It commemorates the baptism of Christ in the River...
The Namib Erg, also known as the Namib Sand Sea, is one of the most ancient and spectacular desert landscapes on Earth. Stretching along Namibia’s...