Improving sales
During the first half of the year, ARTES’ revenues amounted to TND98.3m against TND73.04m a year earlier, i.e. a 34.6% increase. However, the dealer’s gross margin gave up 310 basis points to 18.4%.Besides, the staff expenses increased by 15.8 % to reach TND3.07M, representing 3.1% of the company’s revenues. At the end of June, 2016, ARTES’ cash position increased by 6.8 % to TND121.4m while financial income remained almost stable at TND4.9m.
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