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Article: TUNISIA Weekly Highlights - Aug 3-7, '09.
- Article from:
- ADP News Middle East & Africa
- Article date:
- August 7, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(ADPnews) - Tunisian telecommunication services company Sotetel (TUN:SOTET) returned to profit in the first half of 2009 with a result of TND 400,000 (USD 306,000/EUR 213,000), versus a loss of TND 1.77 million a year earlier.
The company managed to narrow its operating loss to TND 260,000 from TND 1.62 million, despite a 26.7% year-on-year fall in revenue.
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Tunisian bank Union Internationale de Banques (TUN:UIB) booked a net profit of TND 3.53 million for the first half of the year.
The lender registered a net loss of TND 3.22 million in the first six months of 2008.
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Tunisian soft drinks producer SFBT ...