Consolidated net results of 88 state-owned companies post overall deficit of TND 1.8 bln

The consolidated net results of eighy-eight state-owned companies in Tunisia posted an overall deficit of TND 1.8 billion in 2021 against TND 2.9 billion in 2020, posting an improvement by 62%. This is the result of an excess recorded in consolidated net earnings of forty public companies amounting to TND 577 million, data released recently by the Finance Ministry. This includes the Tunisian Chemical Group (a surplus of TND 133 million), La Régie Nationale des Tabac et des Allumettes- RNTA (+ TND 97 million), the Office of the Merchant Navy and Ports (+ TND 61.6 milion), Gafsa Phosphate Company (+ TND 47 million), the Central Pharmacy (+ TND 45 million) and Tunisie Télécom (+ TND 32 million). The remaining forty-eight companies reported a deficit of TND 1.7 billion in consolidated net results in 2021, mainly the grain board (- TND 477 million), Transtu (- TND 225 million), the Tunisian Civil Aviation and Airports Authority (- TND 173 million), the Tunisian National Oil Company (- TND 139 million), SNCFT (- TND 137 million) and the Tunisian Office of Trade (- TND 120 million). The Finance Ministry examined the consolidated financial statements of these 88 state-pwned companies out of a total of 114 in Tunisia while not taking into account 15 which have not yet released their financial statements of 2021, seven operating in the financial secror, three social funds and one company which activity was interrupted. Source: Agence Tunis Afrique Presse

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