2023-11-26 10:02:45
The cumulative turnover at the end of September 2023 amounts to MAD 788.07 million, down 19% compared to the same period of the previous year. This development finds its origin mainly in the combined effects of the general decline in sales prices, resulting from the drop in raw material prices (LME) in 2023, compared to 2022, and a contraction in demand. .
The net profit as of September 30, 2023 is set at 28.08 MDH compared to (-9.24) MDH as of September 30, 2022. The company has taken measures to control the financial result,
in particular currency risks.
Investment commitments stood at MAD 4.48 million.
The company plans, for 2023, investments to upgrade its production tools, develop distribution sites, modernize its information system, and equipment aimed at reducing its carbon footprint , for a forecast envelope of 25 MDH.
Debt stood at MAD 469.18 million at the end of September 2023, down 17.9% compared to 2022, thanks to the improvement in the company’s WCR, via the reduction in raw materials stocks.
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#result #returns #green #September
