KIA consolidates its position as a leader
During Q4 2016, CITY CARS’ revenues reached TND40.254m vs. TND42,791m on 31/12/2015, i.e. a 5.9¨% yoy decline. The dealer’s gross margin collapsed by 25.7% to TND4.972m, bringing down the gross margin rate to 12.3% against 15.6% a year earlier.CITY CARS ended the year with a 10.5% yoy increase in revenues which amounted to TND157.82m. The gross margin was up by 6.2% to TND21.69m vs.TND20.43m on 31/12/2015. However, the gross margin rate lost 56 basis points to establish at 13.7% vs.
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