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
-
Africa’s Leading Barley Producers: Ethiopia, Morocco and Other Key Suppliers
18:16
-
Weekly Health Update | Namibia Ends Mpox Outbreak; Nigeria Faces Seasonal Lassa Fever Surge
18:15
-
Oscars 2026: Two African Women Compete as the Continent Eyes a Historic Win
20:51
-
Algeria Launches Commission to Drive University 4.0 Transition
20:41
-
Ethio Telecom Seeks Italian Funding for Digital Infrastructure Expansion
20:39
-
CCI-Togo Previews Program to Train Women as Truck and Crane Operators
20:29
-
Equatorial Guinea’s Bange Bank Expands in Cameroon with Six New Branches
20:27
-
Cameroon Plans CFA40 Billion Capital Increase for State SME Bank
19:41
-
Transparency International Defends SNH Partnership Despite Glencore Scandal Fallout
19:29
-
Nigerian Startup Fixr Technologies Launches Usefixr Maintenance Marketplace
19:18
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
Nigerian Breweries begins pilot barley cultivation to cut imports Ethiopia leads Africa barley output; Morocco, Algeria major producers Nigeria aims...
This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbreak, while Madagascar is reporting rising case counts....
Ethio Telecomis exploring financing support from Italy’s development bank Cassa Depositi e Prestiti (CDP) for digital infrastructure projects. The...
Portuguese glass-packaging group BA Glass seeks approval to acquire a 41.28% controlling stake in Tunisia’s Sotuver. The transaction values the block...
Actress Wunmi Mosakuand director Kaouther Ben Haniarepresent Africa among contenders at the 2026 Oscars. Mosaku received a nomination for Best...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...