Strongly penalized by the net financial expenses, ELECTROSTAR announced on Monday to have sustained in 2016 a consolidated net loss of 6.8 million dinars against -7.05 million a year before.
According to the consolidated financial statements for the year ended December 31, 2016, the ELECTROSTAR Group achieved a turnover of 92.5 million dinars against 85.7 million dinars in 2015, up 8%, while operating expenses only increased by 1.7% to 82.2 million dinars.
To this end, the Group’s operating income rose by 108% compared with 2015 to 10.3 million dinars.
The black spot in the Group’s annual balance sheet in the year ended 2016 are net financial expenses which rose by 45.4% from 11.7 million to 17 million dinars.
