A gloomy year in view
Assad posted disappointing Q1 2016 figures:-Revenues decreased by 11.9% to reach TND15.043m vs. TND17.068m, a year ago. This decrease is justified by a decline of both local sales (-13.9%) and export demand (-10.7%).
-Production went down by -8.6% to 283 783 units vs. 310 380 units, yoy.
-Investments amounted to TND0.195m (lack of financial investment during Q1 2016) vs. an investment of TND3.88m by the end of 2015.
-Debts reached TND58.266m vs. TND59.195m by the end of 2015.
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