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001122334455554433221100
001122334455554433221100

stip reports significant net income decline and sales drop in 2023

Société Tunisienne des Industries de Pneumatiques (STIP) reported a significant decline in consolidated net income, falling to -1.57 million dinars for 2023, down from 11.92 million dinars the previous year. Sales also decreased by 8.7%, with operating income dropping to 139.15 million dinars, while financial expenses rose by over 20%. The Board of Directors has called for an Annual General Meeting on November 15, 2024, amid ongoing audits and previous customs adjustments.
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