Mr. Ismail Akalay, Managing Director of Sonasid
Sonasid’s net profit attributable to the group (RNPG) stands at 21 million dirhams (MDH) at the end of June 2024, an increase of 13% compared to the same period in 2023.
This result is supported by the favorable impact of the decrease in IFRS depreciation and the contribution of the financial result, the group indicates in a press release, noting that Sonasid maintains a solid and resilient balance sheet structure with excess cash, including securities and investment assets, of 532 MDH at the end of June 2024.
At the end of June 2024, consolidated turnover stands at 2.43 billion dirhams (MMDH), down 4% compared to the end of June 2023, adds the same source.
Furthermore, Sonasid’s social turnover amounts to 2.38 billion dirhams at the end of June 2024, down 4% compared to the same period in 2023, due to the downward trend in prices on the international market.
The operating result stands at 52 MDH, a contraction of 22 MDH compared to the end of June 2023, while the net social result stands at 42 MDH, down 11% compared to the same period in 2023.
The magnitude of the decline in net income was contained at this level thanks to the good performance of the financial result, which increased by 13 MDH under the effect of the improvement in the balance sheet of exchange gains and losses and the contribution of dividends from the subsidiary Longometal Armatures.
LNT with MAP
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