Cellcom, a Tunisian company led by Hamed Bougamra, has corrected an error in its financial statements for the period ending June 30, 2026. The correction relates to the non-accounting of customs tax on imported products, as per decree-law No. 30 of June 10, 2020. This tax applies to customs declarations made by the company between June 11, 2020, and September 23, 2025.
The company's commissaires aux comptes (CC) reported that the notification for this tax was received on December 3, 2025, amounting to 1,645,424 Tunisian Dinar (TTC) and 1,384,486 Tunisian Dinar (HT). The failure to record this obligation in previous years constitutes an omission of a liability. According to Tunisian accounting standards (NCT 11), this situation was treated as a correction of an error with an adjustment of the opening equity for the 2026 financial year.
The correction of this error has significantly impacted Cellcom's financial results. The company's net result (RN) for the period ending June 30, 2026, decreased from 942,718 Tunisian Dinar to a profit of only 762,169 Tunisian Dinar. This correction has essentially reduced the company's benefits by 180,549 Tunisian Dinar.
For the six-month period ending June 30, 2026, Cellcom reported a net result deficit of over 1,290 million Tunisian Dinar, with revenues of 18,922,494 Tunisian Dinar, compared to 27,326,454 Tunisian Dinar for the same period in 2025. This represents a significant decline in the company's financial performance.
The company's financial statements were adjusted to reflect the correction of the error, which involved restating the company's opening equity for 2026. This adjustment had a direct impact on the company's financial position and performance for the period.
Cellcom's correction of its financial statements highlights the importance of accurate and transparent financial reporting. The company's willingness to correct its error and provide revised financial statements demonstrates its commitment to compliance with accounting standards and regulatory requirements.
The incident emphasizes the need for companies to maintain accurate and reliable financial records, and to ensure that their financial statements reflect their true financial position and performance. This is crucial for maintaining investor confidence and ensuring the stability of the financial market.
Key points
- Cellcom corrected its financial statements after discovering an error related to unrecorded customs tax.
- The correction resulted in a reduction of 180,549 Tunisian Dinar in benefits.
- The company's net result for the period ending June 30, 2026, decreased from 942,718 Tunisian Dinar to a profit of only 762,169 Tunisian Dinar.
