Impressive!
During Q4 2016, Ennakl’s revenues reached TND93.981m, i.e. a 6% yoy increase. The dealer’s gross margin witnessed a significant drop of 25% to TND12.966m. Thus, the gross margin rate lost 570 bps to 13.8%.Ennakl ended the year 2016 with a 13.6% yoy progression in revenues which amounted to TND359.91m vs. TND316.777m a year earlier. The gross margin decreased by 5.6% to TND56.779m vs. TND60.129m in 2015, bringing the gross margin rate down to 15.8% (losing 321 bps).
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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