TUNISIA: SFBT profit up 15%

The Tunisian soft drinks company Societe Frigorifique et brasserie de Tunis yesterday reported a 15% rise in 2002 net profit to 27.055m dinars (US$20.372m). Turnover was up 6.6% to 121.516m dinars. The rise in net income over the rise in turnover was apparently because of portfolio investment gains and lower financial costs because of lower debt levels.

January 14, 2003

The Tunisian soft drinks company Societe Frigorifique et brasserie de Tunis yesterday reported a 15% rise in 2002 net profit to 27.055m dinars (US$20.372m). Turnover was up 6.6% to 121.516m dinars.

The rise in net income over the rise in turnover was apparently because of portfolio investment gains and lower financial costs because of lower debt levels.

SFBT, a bottler for Coca Cola and Lowerbrau, is the Tunis bourse’s biggest stock and accounts for most of daily trade.

The company’s shares lost 16.19% in 2002 as a result of the poor economic climate.