Eqdom, a leading domestic and household equipment company, achieved a cumulative net production of over 1.45 billion dirhams (MMDH) during the first half of 2024, marking a 14% increase compared to the same period last year. This strong performance is attributed to the commercial momentum observed since the beginning of the year, particularly supported by the robust performance of the automotive segment, according to a statement from Eqdom.
However, the rise in refinancing costs, following successive increases in the benchmark interest rate, negatively impacted the net banking income (NBI), which declined by 4% year-on-year to 282 million dirhams (MDH) as of the end of June.
The gross client outstandings grew by 2%, reaching over 10.16 billion dirhams (MMDH). Refinancing outstandings showed a slight increase to 5.17 billion dirhams, supported by an optimal debt structure that aligns assets and liabilities effectively.
Looking ahead, Eqdom plans to continue implementing its development strategy, which focuses on maintaining commercial growth while ensuring effective risk management.
