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 company has maintained steady commercial activity throughout the period.
The operating result showed a more substantial increase, up 3.7% from the first half of 2023, reaching 80.6 million dirhams. This growth is attributed to improved profit margins on several key projects during the period, which boosted the company’s profitability.
One of the standout improvements was in the financial result, driven by better management of foreign exchange risk, specifically between the US dollar (USD) and the Moroccan dirham (MAD). This led to a significant enhancement in the company’s overall financial performance.
As a result, Microdata’s net profit surged by 16%, amounting to 61 million dirhams. Notably, the company’s subsidiary DGSM continues to have minimal impact on the group’s overall financials, contributing less than 0.2% to turnover and less than 1.1% to net profit in the first half of 2024.
A supplementary press release will be issued shortly, informing investors about the availability of Microdata’s half-year financial report for 2024. The company’s management remains optimistic about continued growth, assuming macroeconomic stability and other external factors remain favorable.
