Report
EUR 236.14 For Business Accounts Only

A real estate developer who sails in the fog

Q2 2017 sales have reached TND1.170m, a 6% increase compared to Q2 2016. The cumulative turnover since the beginning of the year has been established at TND4.713m, a 175% increase compared to the same period in 2016. The stock of finished goods amounted to TND12.654m, of which 58% constituted by the ENNASR PANORAMA project.
The construction work-in-progress amounted to TND10.690m. SITS’s land reserve remained stable at TND15.607m.
However, an advance payment of TND3.519m has been already paid in connection with the acquisition of a new land at Soukra.
Underlying
Societe Immobiliere Tuniso-Seoudienne

Provider
AlphaMena Corporate Services
AlphaMena Corporate Services

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.

Analysts
Kais KRIAA

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