Our improved margins’ scenario comes true
ENNAKL’s financial statements at end of June 2015 show an 11% increase in revenues to TND165.995M. Purchases added only 7.56%, thanks to a better bargaining power with suppliers, to the appreciation of TND vs. € during this first half of the year, and to the optimization of the product mix. Hence, the gross margin soared by 43.68% to TND20.66M. Consistently, the gross margin got fat, adding 283 bps to 12.45%. Besides, a better control of the operating expenses allowed the dealer to improve its EBIT by 63% to TND23.24M against TND14.26M one year earlier.
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