Lower than expected growth
During the first nine months of 2015, the activity of Mg was marked by a double-digit growth of 13.5% in turnover to TND658.369M (up by 2.7% to TND232.682M for Q3 2015). The gross margin remained almost stable at 15.5%. With the opening of four new stores and the closure of two others, the total number of stores reached 82 units. The staff costs increased by 20.0% to TND44.670M vs. a turnover that changed by 13%.
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