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Listed companies: Broad-based positive performance
Listed companies: Broad-based positive performance

African Manager

time17-07-2025

  • Business
  • African Manager

Listed companies: Broad-based positive performance

The net result for 2024 of the 64 listed companies that have published their financial statements (out of a total of 74) has improved by 13.3% compared to 2023, reaching a total of 3,101 million dinars (MD), according to a report published by the Tunis Stock Exchange titled 'Annual Results of Listed Companies (2024 vs 2023).' Out of the 64 companies, 46 reported profit growth. The 10 companies that have yet to publish their 2024 financials include: AETCH, ALKIMIA, SANIMED, SOMOCER, SOTEMAIL, SIPHAT, STIP, TUNISAIR, TGH, and UADH. Companies in the Tunindex20 index accounted for 77.5% of the total 2024 profits, with 2,403 MD, up 10.7% year-over-year. For the second consecutive year, dividend distribution has improved. 49 listed companies paid dividends in 2025 for the 2024 fiscal year, compared to 47 in the previous cycle. The total distributed reached 1,568 MD, up from 1,383 MD in 2023. Financial sector: 9% growth In the financial sector, the 12 listed banks achieved an overall profit of 1,683 million dinars (MD), an increase of 8.4% compared to 2023. The 7 listed leasing companies saw their annual profit rise by 10.7%, reaching 116.6 MD, up from 105.3 MD the previous year. For their part, the 6 listed insurance companies recorded a 10% improvement in their annual profit, reaching 151 MD compared to 138 MD in 2023. Across all companies in the financial sector (28 companies), the total annual profit increased by 9% compared to 2023, with an overall amount of 1,986 MD versus 1,823 MD. Regarding the Consumer Goods sector, the overall profit for 2024 increased by 15.2%. Specifically, the combined annual profit of the three major agri-food groups (Poulina Group Holding, Délice Holding, and SFBT) rose by 7.3%, reaching 546 million dinars (MD). As for the Consumer Services sector, the overall profit for fiscal year 2024 saw a sharp increase of 73.8% compared to the previous year. However, the two listed retail chains (Monoprix and Magasin General) recorded an annual net loss of 3 MD, marking an improvement from the previous year's loss of 41 MD. For the listed automotive dealers (excluding UADH, which has not yet published its 2024 financial statements), the overall profit increased by 22.8%, reaching 125 MD, compared to 102 MD in fiscal year 2023. Overall, eight out of the nine sectors recorded positive performance in 2024. The best performance was achieved by the Consumer Services sector, followed by the Basic Materials sector. Among subsectors, nine showed positive growth, with the 'Distribution' and 'Household & Personal Care Products' subsectors posting the strongest growth.

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