Mg is doing well
Mg (parent company) has maintained its pace of activity in the first half of 2016 with sales up slightly by 1.3% to TND412.648m. The EBITDA recorded a jump of 47.9% to TND23.148m with an EBITDA margin at 5.6% (+180 bps). The operating income reached TND9.032m, an increase of 166.3% with an operating margin of 2.3% (+150 bps). The Company’s net profit came to TND5.816m, up 480.5%. Thus, the net margin increased to 1.4% (+120 bps).
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.
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