Thursday , May 26 2022

revenue down 17% in the 3rd quarter



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Catch Tawasol Groupe

Tawasol Groupe Holding announced its activity indicators for the 3rd quarter of 2020 on Thursday. Indeed, the group has begun to rebuild its excellent turnover during the third quarter.

Therefore, most of the activities resumed in July last year. And this, with the total lifting of the health protocol enforced in March. Groupe Holding’s Tawasol consolidated revenue for the 3rd quarter of 2020 is approximately 15.6MD. Against 18.7MD realized during the same period in 2019; 17% discount registration.

Catch Tawasol Groupe
Quiet Groupe Capture activity indicators relating to the 3rd quarter

First of all, the telecommunications network pole experienced a recovery in the level of its post-limiting activity. It has positioned itself well on the African market. Activity grew 16% compared to the same period in 2019. It should be noted that the group had separated, one of its Tunisian subsidiaries, the MIR Company, from its shareholder Marais Groupe. By selling its stake for the exchange of shares in the Marais Tunisie company, now owned by Tawasol group 100%.

Knowing that the MIR company generated, for the 3rd quarter of 2019, an income of 216 thousand DT. And cumulatively as of September 31, 2019, income of 1,130 thousand dinars. Therefore, the revenue growth rates of the restated telecommunications network division for the impact of this decomposition that occurred in 2020, are 24% (instead of 16%) and -2% (instead of -10%) respectively. for the 3rd quarter of 2020 and cumulatively on September 30, 2020.

Debt reduction

For its part, the Infrastructure Network pole maintains a diverse portfolio of activities involving major projects. However, restrictions on people’s mobility and restriction measures such as site closures have greatly reduced productivity. The revenue generated by the division for the 3rd quarter of 2020 was 5.7 MD. Against 6.9 MD in the same period of 2019; thereby registering a 17% discount.

In terms of the industry and aluminum profile, it suffered a longer slowdown. Equivalent to the “pause” required by the government on the credits, supply and effective resumption of real estate development and construction sites.

For its part, the real estate chain has remained inactive for a long time due to the economic situation. Note that during the third quarter, investors quickly became interested in reinvesting in the real estate market.

As of this, the remaining amount of land in stock at September 30, 2020 is 26.5 MD. The remaining amount of houses built in stock is 20.1 MD.

In addition, the group’s total consolidated debt has experienced a significant fall from 92.8MD on December 31, 2019 to 84.8MD on September 30, 2020.

The medium and long-term debt comes September 30, 2020 to 12.9 MD; against 14.7 MD recorded on 12/31/2019. Approximately 3.6 MD includes real estate prefinancing loans.

Short-term debt net of bank investments at September 30, 2020 was 71.9 MD. And this, as against 78.1 MD on December 31, 2019. Includes 11.6 MD from real estate prefinancing loans.

MT

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