Home Finance & Business Stroc Industrie reports 5% revenue growth in Q2 2024

Stroc Industrie reports 5% revenue growth in Q2 2024

Stroc Industrie achieved a revenue of 25.5 million dirhams (MDH) in the second quarter of 2024 (Q2-2024), marking a slight increase of 5% compared to the same period last year. This quarter was notably impacted by the slowdown of a major project, which was offset by the momentum of newly initiated projects with new clients, the company stated in a financial update.

The company also indicated that revenue for the second quarter could see further positive development, pending the finalization of ongoing negotiations with clients.

Regarding financial debt, Stroc Industrie reported a marginal increase of 0.4% in the first half of 2024, bringing total debt to 186.5 million dirhams as of the end of June 2024, up from 185.7 million dirhams at the end of December 2023.

Additionally, the company did not make any significant investments during the first half of 2024, according to the statement.

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