reports
- Meriem KADDOUR
Clearer sky
GIF Filter posted its figures for the nine first months of the year, showing a 9.3% revenue increase to TND9.991m vs. TND9.140m a year ago. The domestic market showed an improvement of 8.3% to TND7.627m. The export sales jumped by 12.4% to reach TND2.364m. Furthermore, the production was down by 9.3%, yoy. The investments engaged during the first nine months of the year amounted to TND1.125m vs. an investment of TND0.535m by the end of September 2016, oriented mainly to the renewal of the commer...
- Please Change Name Andrea Usai
Moody's: BNP Paribas and Societe Generale will continue to feel pinch ...
Announcement: Moody's: BNP Paribas and Societe Generale will continue to feel pinch from ultra-low interest rates, but geographic and business diversification will help to offset pressures on profitability. Global Credit Research- 25 Apr 2017. London, 25 April 2017-- Geographic and business diversification-- a key credit strength for both BNP Paribas and Societe Generale-- will help to offset the profitability pressures of their retail banking operations in France, says Moody's...
- Meriem KADDOUR
A good Q1
GIF Filter posted its figures for the first quarter of the year, showing a 20.7% revenue increase to TND3.855m vs. TND3.193m a year ago. The domestic market showed an improvement of 16.5% to TND2.792m. The export sales jumped by 33.5% to reach TND1.062m. Furthermore, the production was down by 19.5%, yoy. The investments engaged during the first three months of the year amounted to TND0.552m vs. an investment of TND0.122m by the end of March 2016, oriented mainly to the acquisition of transport ...
- Meriem KADDOUR
A sluggish Q4 2016
By the end of December 2016, the revenues had decreased slightly by -1.1% to TND12.034m vs. TND12.166m a year ago. The domestic market showed a drop of 1% to TND9.420m. The export sales decreased by 1.5% to reach TND2.613m. Furthermore, the production was up by 2%, yoy. The investments engaged during 2016 amounted to TND0.805m vs. an investment of TND2.437m by the end of 2015, oriented mainly to the acquisition of transport and industrial equipment (TND0.575m). The debt amounted to TND2.015m vs.
- Meriem KADDOUR
Expected results
GIF Filter posted its figures for the first nine months of the year, showing a 9.5% revenue increase to TND9.140m vs. TND8.347m a year ago. The domestic market showed a slight improvement of 1.8% to TND7.037m. The export sales jumped by 46.5% to reach TND2.102m. Furthermore, the production was up by 8.9%, yoy. The investments engaged during the first three quarters of the year amounted to TND0.534m vs. an investment of TND2.437m by the end of 2015, oriented mainly to the acquisition of transport...
A positive H1 2016, but the situation remains difficult
GIF Filter posted its H1 2016 figures, showing a 16.15% revenue increase to TND6.717m vs. TND5.783m a year ago. The domestic market showed a slight improvement of 3.57% to TND4.886m. The export sales jumped by 71.87% to reach TND1.830m. Furthermore, the production was up by 11.6%, yoy. The investments engaged during the first half of the year amounted to TND0.212m vs. an investment of TND2.437m by the end of 2015, oriented mainly to the acquisition of transport and industrial equipment.
2016, a difficult start!
GIF Filter posted its Q1 2016 figures, showing a 4.75% decrease to TND13.193m vs.TND3.352m, a year ago. The domestic market showed a drop of 4.33% to TND2.397m. However, the export sales dropped by 5.89 to reach TND0.795m. Furthermore, the production was up by 22.05%, yoy. the investments engaged during the first quarter of the year amounted to TND0.121m vs. an investment of TND2.437m by the end of 2015, oriented mainly to the acquisition of transport and industrial equipment.
Meeting with GIF-Filter's management
-According to the management, the expected MECATECH Holding’s IPO, the firm’s main competitor, which includes MISFAT Filtration (52% ownership), the leader of the local market, would not impact the stock’s performance on the Tunisian market. Besides, UADH does not intend to withdraw the company from the stock exchange. The management thinks that this new IPO would allow having more visibility in terms of segment information. -For the partnership with PSA-Peugeot, GIF is still in the first ...
2015: a year to forget
GIF Filter posted its Q4 2015 figures, showing a 2.47% decrease to TND12.077M vs.TND12.384M, a year ago. The domestic market showed a drop of 9.81% to TND9.445M. However, export sales increased significantly by 37.75% to reach TND2.632M. Furthermore, production was up by 4.61%, yoy. Investments engaged during 2014 amounted to TND2.622M, a 74.4% increase, oriented mainly to the acquisition of transport equipment and industrial materials related to the fourth upgrade plan.
Bad quarter as expected !
For the third quarter, 2015, revenues were down by -17.1% to TND2.569M vs. TND3.098M a year ago. This decline was justified by the lower local demand (-16.7%) as well as decreasing export sales (-19.2%). For the first nine months of this year, the released figures are disappointing. Revenues were pulled down by -10.5% to reach TND8.347M vs. TND9.322M, yoy. Investment reached TND1.707M vs.TND1.502M by the end of 2014, mainly oriented to the purchase of equipment and industrial tools, and the refu...
2015, a tough year ahead
After a good start to the year, H1 2015 results published by GIF are disappointing. Revenues were down by -7.18% to TND6.224M vs. TND5.777M a year ago. This decrease can be explained by the local activity decline (-11.4%). However, the export business went up by 17.85% to TND1.058M vs. TND0.898M a year earlier. Production decreased by -10.54% as a result of the disturbances recorded at the production level during the installation of the new machines as part of the upgrade program.
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