Despite a challenging environment, Afriquia Gaz maintained solid operational and financial performance during this period.
In terms of sales volume, the company achieved a 2.2% increase in tonnage, with total sales reaching 630,954 tonnes by the end of June 2024, up from 617,630 tonnes in the same period the previous year. This growth reflects the success of Afriquia Gaz’s sustained commercial efforts.
Operating profit saw a significant rise, increasing by 7.3% from 388.6 million dirhams in the first half of 2023 to 417.0 million dirhams in the same period in 2024. This positive result was mainly due to improved profit margins. Meanwhile, net profit remained stable, reaching 302.0 million dirhams, a slight increase of 0.4% compared to 300.8 million dirhams in the first half of 2023. This balance between improved operating profit and a decrease in non-recurring income kept the net result steady.
On the consolidated side, Afriquia Gaz’s performance was more mixed. Consolidated revenue dropped by 4.0%, falling to 4.253 billion dirhams from 4.432 billion dirhams in the same period last year. This decline was primarily due to a decrease in resale prices. However, consolidated operating profit increased marginally by 0.4%, reaching 550.7 million dirhams, up from 548.4 million dirhams in the first half of 2023. The consolidated net profit also saw a modest rise of 1.0%, amounting to 352.9 million dirhams compared to 349.2 million dirhams the year before.
Looking ahead, Afriquia Gaz remains focused on its long-term strategy, which centers on increasing sales volumes and improving its operational and financial metrics. Buoyed by strong fundamentals, the company will continue its commercial push while enhancing key ratios to ensure sustainable growth.
