A rather positive quarter
At the end of Q1 2016, TPR’s overall revenues increased by 9% on a y-o-y basis to reach TND24m. On the local market, sales added 10% to establish at TND17.9m. On the export market, sales increased by 6% to TND6.1m. During the first quarter 2016, investments amounted to TND2.6m against TND0.057m in 2015. During the same period, the short-term debt totaled TND22.1m against TND31.8m, i.e. a 30% decline on a y-o-y basis.TPR’s management announced the distribution of a dividend of TND 0,200 per share, lower than our expectations (TND0.230 per share).
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