Overall result of listed companies for the 2022 financial year: An improvement of 9.7% compared to the year before

2023-07-24 10:25:37

For all the companies in the financial sector which are 28 in number, the overall annual result increased by 18.8% for the financial year 2022 compared to the year 2021, with an overall amount of 1,664 MD once morest 1,401 MD in 2021.
The Tunis Stock Exchange (Bvmt) has just published the evolution of the annual results of listed companies for the 2022 financial year. Of the 80 listed companies, the overall result of the 66 companies which have published their financial statements to date improved by 9.7% compared to the 2021 financial year, to reach a total amount of 2,354 MD once morest 2,146 MD.

Among the 66 companies that published their financial statements for the 2022 financial year, thirty companies posted an increase in results. As for the listed companies which have not yet published their annual financial statements for the 2022 financial year, there are 14 of them, namely: “Alkimia”, “AMS”, “Assad”, “Cellcom”, “Electrostar”, “GIF-Filter”, “MIP”, “Siphat”, “Servicom”, “Sopat”, “Stip”, “Tunisair”, “TGH” and “Uadh”.

Under surveillance

It is important to remember that the companies “Alkimia”, “AMS”, “Electrostar”, “GIF-Filter”, “MIP”, Siphat”, “Servicom”, “Tunisair”, and “Uadh” are still housed in Compartment “S” (Under Surveillance) which includes issuers who do not meet their obligations in terms of financial information or those who are affected by events likely to disrupt their situation in the long term or compromise the proper functioning of the market.

In the same vein, the Financial Market Council recently published a decision to submit the persons who control the companies “Uadh”, “GIF Filter” and “AMS” to a Public Buyout Offer, within the framework of the provisions of article 175 bis of the General Regulations of the Stock Exchange.

The companies that make up the Tunindex 20 captured 77% of the overall result, with an amount of 1,812 MD, up 14% compared to 2021.

The distribution of dividends in marked improvement

For the second consecutive year, the dividend distribution policy of listed companies is clearly improving. As such, 48 listed companies distributed dividends in 2023, for the 2022 financial year, once morest 50 for the 2021 financial year. The total amount distributed amounted to 1,249 MD in 2023, once morest 1,141 MD in 2022.

As for the sectoral evolution of the results, in the financial sector, the 12 listed banks achieved an overall result of 1,422 MD, up 18.5% compared to the year 2021.

The seven listed leasing companies experienced strong growth in their overall annual result, ie 35.4%, to reach 83.8 MD once morest 61.9 MD the previous year. The six listed insurance companies experienced a 13.1% improvement in their overall annual result, to stand at 133 MD once morest 118 MD during the year 2021.

For all the companies in the financial sector, which number 28, their overall annual result increased by 18.8% compared to 2021, with a total amount of 1,664 MD once morest 1,401 MD in 2021. On another aspect, it is important to note the importance of the financial sector in the activity of the Tunisian financial market. As such, the overall result of the financial sector represents 71% of the overall result of all listed companies.

Regarding the consumer goods sector, the overall result for the year 2022 fell by 3.8%. Indeed, the overall annual result of the three major agrifood groups (Poulina Group Holding, Délice Holding and “Sfbt”) fell by 3.2% to reach 401 MD once morest 414 MD in 2021.

As for the overall result of the consumer services sector, it experienced a remarkable decline of 20.8%. The overall annual result of the two retail chains quoted on the Stock Exchange (Monoprix and Magasin General) showed a deficit of 48 MD in the same wake of the previous year with a loss of 30 MD.

For listed car dealers (apart from “Uadh” which has not yet published its statements for 2022), the overall result fell slightly by 2.7% to stand at 108 MD once morest 111 MD during the 2021 financial year.

In total, out of the nine sectors, four recorded positive performances in 2022. The best performance came from the basic materials sector followed by the oil and gas sector. Regarding the sub-sectors, six showed positive developments, the chemical sub-sector made the strongest progress with an overall result of 50 MD once morest 30 MD in 2021.

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