Arab Today, arab today financial situation of group sonelgaz fragile in 2013
Last Updated : GMT 22:02:29
Arab Today, arab today
Arab Today, arab today

Financial situation of group Sonelgaz 'fragile' in 2013

Arab Today, arab today

Arab Today, arab today Financial situation of group Sonelgaz 'fragile' in 2013

Executive director of Nourreddine
Algiers - APS

The financial situation of Group Sonelgaz remained "fragile" in 2013 despite the measures taken by the government in 2010 to streamline it, said Monday CEO Nourreddine Boutarfa.
"Contrary to the technical performances, the financial situation remained fragile in 2013," he said during a conference on the presentation of the group 2013 balance.
According to Boutarfa, in spite of the application of the file of the redemption of bank overdraft of Sonelgaz in late 2010 and the incentives granted for financing investments," financial constraints were too important in 2013."
On the financial level, Group Sonelgaz ended the year 2013 "in bad conditions," producing negative net profit of DZD 29.7 billion, higher than the DZD-24.5 billion forecast.
Furthermore, the group recorded in 2013 a treasury deficit amounting to DZD75 billion. This situation has resulted from the pre-financing operations of public programmes and the non-refunding of debts by the State, Boutarfa explained.
The year 2013 also saw the establishment of credit line of more than DZD 800 billion and a financing agreement on programs of group companies’ development, worth DZD 1.600 billion.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today financial situation of group sonelgaz fragile in 2013 Arab Today, arab today financial situation of group sonelgaz fragile in 2013

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday