Stokvis widens its losses in the first half of 2022

Stokvis widens its losses in the first half of 2022
Stokvis widens its losses in the first half of 2022

The operational turnover of the Stokvis Group stands at 111 MDH in the first half, down 41% compared to H1-2021, due to a poor agricultural campaign in 2022 and the slowdown in the construction market in Morocco following the postponement, or even the cancellation of certain public orders during the first half of the year due to the increase in input prices and transport costs.

The operating result is down by 13.2 million dirhams. The group’s net result is in deficit of 27.2 MDH as of June 30, 2022 against -8.7 MDH as of June 30, 2021, due to the impact of the financial result.

Change of governance

The Board of Directors took note of the resignation of CEO Tarik Bennouna and thanks him for the work accomplished.

Similarly, the Board proceeded to the appointment of Abdelkrim Raghni as CEO of the company. This appointment reinforces the dynamics of development and adds a new vision to the current economy.

Furthermore, the Board co-opted Abdelkrim Raghni as Director.


The article is in French

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