Tunisia: ENNAKL Automobiles posts turnover of more than TND 140 million in Q1 2024

ENNAKL Automobiles has announced a 2.3% increase in sales in the first quarter of 2024 compared with the same period in 2023, rising from 137.9 million dinars to 141.1 million.

At the end of March, the company’s net cash position stood at 18.9 million dinars, compared with 14.7 million a year earlier.

In addition, the dealership reported an increase in financial expenses from 1.1 million dinars to 1.6 million dinars between March 2023 and March 2024, justified by higher discounting costs.

The total financial debt (short-term loan, long-term loan and a short-term financing loan) increased from 7.7 million dinars at March 31, 2023 to 12.1 million dinars at the end of last March.