As of June 30, 2024, Fenie Brossette’s consolidated revenue reached 343 million dirhams, marking a 12% increase compared to the same period in 2023. This growth was driven by a positive sales momentum.
For the first half of 2024, the company’s operating profit rose to 12.3 million dirhams, a 22% increase from the first half of 2023. This improvement can be attributed to solid sales growth in its core business activities, coupled with effective cost control.
The financial result remained stable at -2 million dirhams, consistent with the previous year.
Fenie Brossette’s net income (standalone) reached 7 million dirhams, reflecting a 12% increase year-over-year. On a consolidated basis, the group’s net income for the first half of 2024 was 7.7 million dirhams, up from 7 million dirhams in the same period of 2023.
The company also achieved a 5% reduction in consolidated net debt, which now stands at 52 million dirhams. This improvement is attributed to effective management of working capital needs.
Fenie Brossette’s strategic initiatives focused on commercial development and competitiveness enhancement have strengthened its position as a leader in its sector. The company has also expanded into new business areas, including the launch of a modular building fabrication and sales offering, further diversifying its portfolio.
