SNEP: turnover at more than 623 MDH in the first half

SNP. Credit: AIC PRESS

The turnover (CA) of the National Company for Electrolysis and Petrochemistry (SNEP) amounted, for the first half of the year (H1-2022), to 623.6 million dirhams (MDH ), up 20.6% from a year earlier.

Sales made during the second quarter (Q2-2022) alone increased by 23%, compared to the same period of the previous year, SNEP said in a financial press release. In terms of investments, and as part of the continued finalization of its development plan, SNEP recorded a CAPEX of 47.1 million dirhams at the end of June 2022.

In addition, the additional working capital requirement generated by the surge in commodity prices and investment expenditure brought financial debt to 347.1 million dirhams at the end of June 2022.

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