Alliance Assurances: declining H1 2021 results

During the first half of 2021, Alliance Assurances has posted a turnover of 2.392 billion DZD (17.78 million USD), showing a 3.5% decrease compared to 2.481 billion DZD (19.16 million USD) in the same period of 2020.

The reason for this decrease is the persistence of the economic and health crisis as well as the low sales of new automobiles.

The company's net profit fell from 128.22 million DZD (990,390 USD) as of 30 June 2020 to 122.85 million DZD (913,150 USD) a year later, which is a drop of 4.2%.