Growth boosted by export
For the first half of 2017, Cosumar’s revenues increased by 20.5% to MAD4.418bn. This performance is due to the favourable trend in export volumes of white sugar. The EBITDA rose by 10.1% to MAD1.005bn, reflecting the positive impact of upgrading investments and the development of industrial facilities. Thus, the EBITDA margin stood at 22.7% (-210 bps compared to H1 2016), likely affected by the level of lower export margins. In addition, the net income group share amounted to MAD560m, an increase of 8.5% compared to H1 2016.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.