The walk forward continues
SPDIT finished the year with revenues up by 7.55% to TND16.477M, of which 100% are dividends received from its portfolio. Obviously, the non-listed portfolio accounted for the lion’s share (mainly dividends received from SFBT’s subsidiaries). In fact, dividends received from non-listed contributions amounted to TND15.363M vs. TND14.252M, a year ago. The good news is certainly the lower cost of risk in 2015 (TND1.133M against TND1.247M a year earlier). We also note that the last quarter of the year was land-marked by the absence of dividends.
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