Rather reassuring news
Monoprix (parent company) realised an increase by 7.2% in its Q1 2017 turnover to TND133.207m. It also managed to improve its gross margin by 140 bps to 18.2%, yoy.With the opening of two new outlets in Q1 2017, the brand totalled 86 outlets at the end of March 2017. The number of employees reached 3,616. Thus, the staff costs increased by 19.5% to TND12.411m, fixing the staff costs/sales ratio at 9.3% (+100 bps).
the financial income totalled TND8.0m in Q1 2017 vs.
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