AlphaMena Corporate Services - TUNISIE PROFILES ALUMINIUM (TPR) Slump prevails once again

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AlphaMena Corporate Services

EUR 236.14 For Business Accounts Only

Slump prevails once again

At the end of 2015, TPR overall sales declined by 5% to establish at TND93.5M pulled down by a 4% decrease in local sales (TND69.5M) and by an even more pronounced decrease of 9% in export sales (TND23.9M). Over Q4 2015, the extruder managed to improve by 17% its local sales to TND20.7M. However, export sales dropped by 23% to TND6.2M.
In 2015, the production decreased by 6% compared to 2014. Total investments fell by 70% to establish at TND1.5M against TND5.2M in 2014.

01/02/2016 2 EN

Underlying

TUNISIE PROFILES ALUMINIUM

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Tunisia

Provider

AlphaMena Corporate Services

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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AlphaMena Corporate Services

A rather positive quarter

At the end of Q1 2016, TPRâ€™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. TPRâ€™s management announced the distribution of a dividend of TND 0,200 per share, lower than our expectations (TND0.230 per share).

EUR 236.14

April 21, 2016 April 21, 2016 2 EN

Resilient despite the turmoil

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A boost is needed INITIATION COV. Founded in 1955, Jordan Ahli Bank (JAB), accumulates a banking experience that exceeds the 60 years. JAB, has been listed on Amman Stock Exchange since April 2007 and is, today, one of the 6 largest Jordanian banks in terms of assets. In 2019, Jordan Ahli Bank operated through four business segments. The most important segments are Retail and Corporate banking divisions. Meanwhile, the bank has Treasury and Financial Brokerage segments. In addition to its widespread network on the local market, the Jordanian bank also operates through four subsidiaries. Off...

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Slump prevails once again

A rather positive quarter

Resilient despite the turmoil

Tough year but better long term perspectives (Jordan Ahli Bank)

A boost is needed

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