2023-09-01 15:52:21
The consolidated turnover of the Sonasid Group amounted to nearly 2.54 billion DH at the end of last June, up 3.7% compared to the same period of 2022.
This increase is driven by a positive dynamic in sales, despite the international context which maintained an unfavorable price effect, leading to increased pressure on margins during Q2-2023, specifies Sonasid in a press release on its indicators at the end of June 2023 .
Consolidated revenue for Q2-2023 stood at 1.2 billion dirhams, up 8.4% compared to the previous year. Investments made at the end of June 2023 reached 73 million dirhams, against 22 million dirhams made in the same period of the previous year.
These investments, says Sonasid, are part of a budget program with an envelope of 230 million dirhams, aimed primarily at supporting the strategic plan focusing in particular on operational excellence, cost optimization and the pursuit of development of new products with high added value.
With regard to net debt, Sonasid maintains a solid and resilient balance sheet structure. The group has a surplus cash of 778 MDH, down 38 MDH compared to the end of June 2022. In terms of prospects, Sonasid continues to strengthen its sustainable economic model and consolidate its regional leadership in terms of energy transition and production of innovative steels with a low carbon footprint.
Sami Nemli with agencies / Les Inspirations ECO
1693654008
#Sonasid #sales #momentum #boosts #turnover