A flat H1 2017 sales
Magasin Général (parent company) reported Q1 2017 sales of TND219.767m (-0.4%). Thus, the company posted stable H1 sales at TND412.188m. The gross margin increased by 80 bps to 17.6%. At the end of June 2017, the staff costs increased by 11.4% to TND34.370m, bringing the staff costs/sales ratio to 8.3% (+80 bps). The total number of employees is 4,008. The number of outlets reached 89 units at the end of June 2017.
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