Income of companies listed on the Tunis Stock Exchange (BVMT) experienced a slight decline of 0.48% in the first quarter of 2020 compared to the same period of 2019, announced officials of the BVMT.
The activity indicators of these companies indeed show an overall income of 4.152 billion dinars against 4.172 billion dinars in the first quarter of 2019, i.e. a contraction of 20 million dinars.
“64% of the companies that published their indicators for the first quarter of 2020, or 49 of 77, improved their revenues compared to the same period of the previous year,” stress the officials of the BVMT. They add that the 20 companies that make up the Tunindex20 (the index of the 20 flagship values of the Stock Exchange) monopolized 2.7 billion dinars or 66% of the total income, up slightly by 0.5% compared to the same time of year 2019.
The evolution of revenues by sector, indicates that in the financial sector, the 12 listed banks achieved a cumulative net banking product (GNP) of 1.221 billion dinars during the first quarter of 2020 against 1.135 billion dinars over the same period of l year 2019, an increase of 7.6%.
As for the overall net income of the 7 listed leasing companies, it decreased by 2.20% during the period under review compared to the first quarter 2019, reaching 105 million dinars against 107 million dinars.
The 4 listed insurance companies saw the overall amount of written premiums reach 286 million dinars against 280 million dinars, an increase of 2%.
In the consumer goods sector, the overall income of the three major groups operating in the food industry (Poulina Group Holding, Délice Holding and SFBT) increased by 2.9% from 1.071 billion dinars to 1.102 billion dinars. dinars. In the same sector, the leaders of the BVMT suggest that four car dealers saw their overall turnover drop by 11% during the first quarter of 2020 to stand at 208 million dinars compared to 233 million dinars in the first quarter of 2019.
In the consumer services sector, the overall turnover of the two large retail chains listed on the stock market, namely Monoprix and Magasin Général increased by 6.2% in the first quarter of 2020 compared to the same period in 2019, to reach 391 million dinars against 369 million dinars.
“Out of nine sectors, indicate those responsible for the BVMT, three have seen their incomes increase”. The financial corporations sector achieved the strongest growth with 5.4% followed by the Consumer goods sector with 1.6%.
Among the five sectors in decline, the largest decline came from the telecommunications sector with -49.4%.
Eight sub-sectors posted negative performances. The largest decreases came from Raw Materials (-25.6%), Chemicals (-23.9%) and Industrial Goods and Services (-17.8%).
With regard to the evolution of revenues by company, the BVMT data suggests that the biggest increases in revenues were achieved by CIMENTS DE BIZERTE (+ 26.8%), ATB (+ 21.9%), DELICE HOLDING (+ 21.6%), ADWYA (+ 21%) and WIFACK INTERNATIONAL BANK (+ 15.7%).
On the other hand, the biggest drops in revenues were recorded by SIMPAR (-78.8%), SIPHAT (-72.4%), GIF-FILTER (-69.9%), AMS (-61.4%) , SERVICOM (-54%) and TAWASOL GROUPE HOLDING (-49.3%).
Two of the thirteen sector indices published by the stock market recorded positive performances at the end of the first quarter of 2020. The best performances came from the Financial Services index (3.34%) and the Distribution index (0.27% ).
In contrast, 11 sector indices posted negative performances. The Basic Materials index saw the largest decline (-22.02%) followed by the Household and Personal Care Products index (-20.52%) and the Automobile and Equipment manufacturers index (-18.09% ).
–
