The revenues of the General Industrial Filtration Company GIF Filter SA recorded an increase of 51,527 dinars, or 17% over the second quarter of the current year compared to the revenues recorded for the same period of the year 2020. In addition , given the efforts made over the past few months to put in place the necessary financing, with the assistance and support of an expert firm in terms of economic restructuring and recovery, activity will return to its normal level. very soon with the objective of fulfilling all orders from our customers with whom relations are still maintained, despite the continuing repercussions of the covid-19 pandemic on the Tunisian economy.
As of June 30, 2021, Sanimed’s turnover reached 34,642 million TND, an increase of 108% compared to the same period of 2020. Local turnover increased from 9,440 million TND to 30/6 / 2020 to 16,281 M TND for the same period of 2021, an increase of 72%. This growth on the local market is explained on the one hand by the resumption of activity in 2021 after a year 2020 strongly impacted by the covid19 pandemic, particularly in the 2nd quarter and on the other hand by the new range of products offered well. accompanied by an adequate marketing strategy. The export turnover reached 18,360 M TND against 7,231 M TND in the same period of 2020, an increase of 154%. This growth is explained by the increase in order books at all of the company’s export destinations.
The production recorded on June 30, 2021 an increase of 119% compared to the same period of 2020. The company made investments of the order of 4.642 M TND on June 30, 2021. Bank commitments stand at 30 / 6/2021 at 96,637 MTD against a total of 98,456 MTD on 12/31/2020. The turnover of the company Magasin Général HT for the 2nd quarter of 2021 increased by approximately 2.39% compared to that recorded for the same period of the previous fiscal year.
Staff costs for the 2nd quarter of 2020 were down 3.26% compared to those observed during the 2nd quarter of the previous year. The payroll ratio to turnover rose from 8.81% on 6/30/2020 to 8.15% on 6/30/2021. The number of points of sale increased from 103 units at the end of the second half of 2020 to 102 units at the end of the second quarter of 2021, following the opening of “MG Maxi Sfax Taniour” and the closing of “MG Proxi Nabeu ”and“ MG Maxi Kairouan ”. As in the first quarter of 2021, Cerealis has managed to record a strong growth rate in this second quarter, seeing its revenues increase by 25%. This was made possible thanks to the fundraising work carried out by the Company and its teams, whether in terms of distribution, marketing or the launch of new products.
The covid crisis and the socioeconomic situation nevertheless remain critical factors that we cannot overlook. We therefore consider it important to remain vigilant considering the various challenges that the country is currently going through, especially as the tourist season has been very strongly compromised, both in terms of domestic tourism and in terms of foreign tourism. Notwithstanding this, the Company, with its equity capital and its major competitive advantages, remains suitably armed to face any difficulties and will try to intelligently navigate this difficult period if necessary. As regards tangible and intangible investments, these amounted to 314,216 TND on 30/6/21, and concerned fitting out equipment, product placement equipment, and IT equipment. Debt stands at 3,341,044 TND, ie down 15.7% compared to the same period the previous year, and is essentially made up of management credits. In terms of quality, the company continues to consolidate its leadership position.
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