18 January 2018

SOMOCER’S REVENUES INCREASE BY 27% IN 2017

SOMOCER’s results heralded the 2017 fourth quarter’s activity indicators. The turnover achieved in the last quarter of the past year increased by 38.22% driven by a 40.3% increase in the local market’s sales, compared to the same period of 2016, and representing 21 million dinars.

Export sales also confirmed the upward trend of the previous quarter. Reporting a 25.5% growth in the 2017 third quarter, export sales have recorded a new 24.9% growth in the fourth quarter of 2017 amounting to 2.9 million dinars.

With these encouraging positive results, the company managed to reach new markets like France, Jordan and Algeria, which allowed it to consolidate its position abroad.

Over 2017, the overall turnover increased by 27.25% to 84.8 million dinars supported by a surge in exports of 71.25% and an up to 22.54% consolidation of sales in the local market. The latter representing 87.8% of SOMOCER sales.

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