An expected quarterly decline
During Q3 2016, Ennakl recorded a revenue decline of 28.1% to TND56.57m. The gross margin witnessed a significant drop of 47.5% to reach TND8.352m. Thus, the gross margin rate lost 549 bps to 14.76%.The company ended the nine first months with an increase in revenue by 16.6% to TND265.93m. 9M 2016 gross margin improved by around 2.3% to reach TND43.814m compared to TND42.844m a year earlier. Ennakl saw its staff costs increase by 10.4% due to the granted promotions and the amelioration of the staff incentives system.
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