Tunisia: Ateliers Mécaniques du Sahel’s revenues dropped 45% YoY, at end Sep 2019
Monday, 28 October 2019 18:02
At the end of September this year, Tunisian company Ateliers Mécaniques du Sahel (AMS) posted a local revenue of TND3.4 million, down 45% compared to the TND6.3 million the same period last year.
The Tunis Stock Exchange-listed company, specialized in sanitary fittings and stainless steel household items, explained the poor performance is linked to the strong increase in imports of Turkish products and the decline in demand for valves, due to the country's economic situation. In this context, AMS' net turnover amounted to TND3.7 million, down 41%.
The company has not made any investment over the period in order to limit its debt and maintain its financial balance. The satisfaction observed during the period is the increase in income from foreign sales activities. These revenues reached TND263,752 at the end of September 2019 compared to TND42,261 at the end of September 2018, up 524%.
Chamberline Moko
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