Finance

Tunisia: Listed companies posted a 31.2% loss in revenues in H1 2020

Tunisia: Listed companies posted a 31.2% loss in revenues in H1 2020
Thursday, 29 October 2020 16:56

All Tunisian companies listed on the local stock exchange posted an overall result down by 31.2% over the first six months of 2020. The Tunis Stock Exchange attributes the situation to the slowdown caused by covid-19 and its repercussions on the economy. Of the 64 companies taken into account, 20 reported negative results and 44 posted positive results.

Of the 12 banks that reported their financial indicators for the period under review, 9 made profits and 3 ended on losses. The 7 leasing companies listed on the stock exchange closed the first half of the year with an overall result up 32.9%, while insurance companies posted a 48% decline.

Overall, companies in the industrial sector and those in the technology sector ended the first half of the year with a positive result, while the other business sectors, including consumer goods, consumer services, health, telecommunications, and basic materials, posted a negative overall result over the period.

Chamberline Moko

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