Improved margins with lower revenues
In H1 2017, Addoha’s turnover amounted to MAD3m, a decrease of 11.7% compared to Q2 2016. The Net Income Group Share remained stable at MAD561m. However, the margins improved as a result of the shift of a part of its production to the next semester. The operating income stood at MAD890m and the cash flow from operations totalled MAD1,400m. The net debt amounted to MAD5,900m, decreasing by 3.2% compared to the same period in 2016.
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