Tunis Stock Exchange | Listed companies in the first half of 2023: Increase of 4.6% in overall income

2023-10-14 10:22:35

Of the 63 listed companies having published their half-yearly financial statements, 33 recorded positive, improved results for the first half of 2023 compared to the same period of 2022.

The overall half-year result, for the first half of the year 2023, of the 63 listed companies which have published their financial statements, shows an increase of 4.6% compared to the same period of the year 2022, to reach an amount of 1,320 MD compared to 1,263 MD a year previously.

Of the 63 listed companies having published their half-yearly financial statements, 33 recorded positive, improved results for the first half of 2023 compared to the same period of 2022.

The companies that make up the Tunindex 20 (excluding SAH not yet published) captured 73% of the overall half-year result, this result improved by 2.1% (i.e. a total amount of 970 MD) compared to that of the first half. 2022 (951 MD).

Evolution of the results of the 20 companies making up the Tunindex 20

During the first half of 2023, the results of all the companies making up the financial sector – the main capitalization of the stock and which includes 28 companies – increased by 3.5% compared to the same period of 2023. the year 2022, thus totaling 948 MD against 916 MD.

The 12 listed banks achieved an overall half-year result of 788 MD, a slight increase, or 1.2% compared to the same period of 2022. The increase in the half-year result affected only five banks. The best performance goes to “Amen Bank” with 33.9%.

Concerning the six listed insurance companies, they posted an overall half-year result up 11.5% to stand at 91 MD compared to 81 MD for the first half of 2022. Regarding the seven listed leasing companies, the overall result increased by 37% compared to the same period of the year 2022 to reach 46 MD against 34 MD.

Sectors in decline

The overall result of the consumer services sector increased by 17.3%. In the same wake, the overall half-year result of the two major retail brands, listed on the stock exchange (Monoprix and Magasin Général) is negative, standing at -12.2 MD compared to a more significant loss of -21.1 MD during the same period of the year 2022. The overall half-year result of the four listed car dealerships (excluding Uadh which has not published) fell slightly (-2.7%) to stand at 47 MD against 48 MD during the same period of the year 2022.

The consumer goods sector achieved an increase of 6.5% in the overall half-year result for the first half of 2023 compared to the same period of the previous year, driven mainly by the agri-food and drinks sub-sector which increased by 10.5%. The overall half-year result of the three large groups operating in the agri-food industry (“Poulina Group Holding”, “Délice Holding” and “SFBT”) increased by 12.4% to reach 230 MD compared to 205 MD during the first half of 2022.

At the head of the sectors, the overall half-year result of the industrial sector achieved the best performance, standing at 49 MD against 27 MD during the same period of the year 2022. This notable increase is mainly attributed to the progression noted by the companies “ONE Tech Holding” and “Carthage Cement”. The overall half-year result of the Basic Materials sector fell sharply to stand at 30 MD compared to 52 MD during the same period of 2022. This decline is attributable to the poor performance of the chemicals sub-sector, which is made up only of the company “ICF” whose half-year result declined by 56.7% compared to the same period of the year 2022 (“Air Liquide” and “Alkimia” have not yet published their half-yearly financial statements) and the sub- raw materials sector with a decline of 31.4%. The healthcare sector performed better, followed by the technology sector, while the telecommunications sector underperformed.

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