Listed companies posted recurring profit growth of 21.6% in the first half of 2024, beating forecasts, according to a report from Attijari Global Research (AGR).
This performance marks the strongest increase in recurring half-year profits observed over the last three years, specifies AGR in its report entitled “Research report – Equity”. It is attributable to the joint improvement in operational and financial results. In more detail, the aggregate revenues of listed companies increased by 4.2%, reaching 156 billion dirhams, largely thanks to the performance of the banking sector.
The dynamism of the stock market also resulted in a 17.2% increase in recurring operating profit, which led to an improvement in the operating margin of 2.7 points, from 21.7% to 24.4%. . This increase can be explained in particular by the continued decline in input prices on a global scale.
Furthermore, the market has evolved favorably, with a cumulative increase of 1.3% in the MASI index since the start of the publication of half-year results in August 2024. Trading volumes have also increased, with an average daily volume exceeding 200 million dirhams over the last two months. Finally, AGR underlines that the outlook for the second half of 2024 remains positive, according to press releases from listed companies.
LNT
