Consolidated profits jump 33% in the first half

Consolidated profits jump 33% in the first half
Consolidated profits jump 33% in the first half

The half-year turnover as of June 30, 2022, thus stands at 623.6 M MAD.


Thanks to operational control and optimization of supplies, SNEP achieved an operating profit of MAD 118.13 million, up 34.8%.


Net income thus stands at MAD 66.4m, up 20.9% compared to the first half of 2021.


CONSOLIDATED ACCOUNTS
The SNEP group’s consolidated net income for the first half of 2022 amounted to MAD 61.7 million, an improvement of 33% compared to the first half of 2021.

OUTLOOK
The second half of 2022 is part of a difficult international political and economic context, which is characterized by a disruption in demand and selling prices.
In this context, SNEP remains attentive to the evolution of market conditions and plans, in accordance with the schedule, the start of the production entry tests of its new facilities, during Q4 2022.


The article is in French

Tags: Consolidated profits jump

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