The S2M Group achieved a consolidated revenue of 146.9 million dirhams (MDH) by the end of June 2024, reflecting a 12.6% increase compared to the same period last year. In the second quarter of 2024 alone, consolidated revenue reached 89.4 million dirhams, up from 71 million dirhams in the second quarter of 2023, according to a statement from S2M.
Regarding the company’s standalone revenue, it amounted to 142.7 million dirhams in the first half of 2024. This growth was driven by a 25.6% increase in the payment solutions segment, a 19.7% rise in outsourcing activities, a slight decline of 3.4% in solutions, and a 28.7% boost in trading activities.
The company’s cash surplus stood at 13.9 million dirhams as of June 2024, up from 4.6 million dirhams at the end of December 2023, while investments totaled 4.5 million dirhams.
