The National Company of Motorways of Morocco (ADM) achieved a consolidated revenue of over 2.58 billion dirhams (MMDH) by the end of June 2024, marking a significant 30.1% increase compared to the same period in 2023.
This growth is attributed to an 8.2% year-on-year increase in operational revenue and a remarkable 153% surge in construction-related revenue, according to a statement by ADM published on the Moroccan Capital Market Authority (AMMC) website.
Similarly, the social revenue for the second quarter of 2024 reached 976 million dirhams (MDH), reflecting an 11% increase compared to the same quarter last year.
Investment activities recorded a gross expenditure of 413 million dirhams in Q2 2024, primarily focused on the Tit Mellil-Berrechid highway and the expansion of the Casablanca bypass.
ADM also reported a cumulative net investment after depreciation of 70.032 billion dirhams by the end of June 2024.
Additionally, consolidated debt decreased by 2.7%, amounting to 34.283 billion dirhams as of the end of June.
