1 Day
Source:
تونزي تيليغراف
Simba's Return Boosts Tunisian Real Estate
Simbaar Real Estate Company achieved a significant financial and operational turnaround during the first half of 2026. The company effectively planned and executed its projects, leading to a noticeable increase in profits and revenues. It recorded a leap in its turnover from 324 thousand dinars in the same period of 2025 to 9.5 million dinars in 2026, with sales exceeding 10.4 million dinars compared to less than one million dinars the previous year. This reflects its success in converting projects into real, confirmed sales from the actual market. The company also saw notable rises in operating surplus by over 70%, with liquidity increasing from 43 thousand dinars to nearly 2 million dinars. Advances from clients grew to more than 10 million dinars, with future sales expected to surpass 18 million dinars. The company relies on major projects such as "Ruwad," "Al Munazzah Gardens," and "8 Beshatarana 1," demonstrating sustainable growth and a desire to regain its market position, though challenges remain in the speed of project implementation and meeting delivery schedules.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)