CIH Bank posts strong results for first half of 2024
CIH Bank continues its upward trend, showing remarkable growth by the end of the first half of the year. Client deposits have reached 76.2 billion dirhams, reflecting a net inflow of 2 billion dirhams—a...
COSUMAR boosts profitability in H1 2024 as local sugar sales climb
In the first half of 2024, COSUMAR, Morocco’s leading sugar producer, recorded a consolidated revenue of 4.98 billion dirhams, representing a modest increase of 0.5% compared to the same period in 2023. This growth...
Auto Hall reports 2.9% sales growth, driven by diverse vehicle portfolio
In the first half of 2024, Morocco's national vehicle market (passenger cars and light commercial vehicles) showed signs of recovery despite a challenging economic environment. Total sales volume slightly increased, reaching 82,286 units by...
INVOLYS sees strong Growth in First Half of 2024 with 44% revenue increase
In the first half of 2024, INVOLYS reported a solid financial performance, with total product revenue reaching 25.1 million dirhams (MDH) and a turnover of 20.4 million MDH. These figures represent impressive growth rates...
Sothema’s international expansion drives 12.1% revenue growth in 1th half of 2024
In the first half of 2024, Sothema, Morocco’s leading pharmaceutical company, navigated a global economic recovery while benefiting from the gradual rollout of Universal Health Coverage (CSU) on the domestic front. These factors helped...
LabelVie sees steady growth in first half of 2024, net profit up 17%
In the first half of 2024, LabelVie successfully continued its multi-format and multi-channel expansion strategy, opening 11 new stores across Morocco. These included 3 Carrefour Market, 3 Carrefour Express, 4 Supeco stores, and 1...
Microdata posts modest growth in first half of 2024, net profit jumps 16%
As of June 30, 2024, Microdata achieved a turnover of 555 million dirhams, reflecting a slight increase of 0.9% compared to the first half of 2023. Despite a relatively small rise in sales, the...
Tanger Med Port Authority reports 12% revenue growth in first half of 2024
The Tanger Med Port Authority (TMPA) has announced a turnover of 2.03 billion dirhams (MMDH) by the end of June 2024, marking a 12% increase compared to the same period in 2023. This growth is...
Afriquia Gaz reports 2.2% growth in sales volume and stable net profit
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...
Aradei Capital posts strong H1 2024 growth, revenue hits 2.7 billion dirhams
Aradei Capital reported a strong performance in the first half of 2024, with its revenue rising to 2.7 billion dirhams. This growth was largely driven by the solid performance of its existing real estate...