Report
EUR 236.14 For Business Accounts Only

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Sonasid’s H1 2017 revenues improved by 7.4% yoy to MAD1.676bn. The EBITDA stands at MAD131m (corresponding to a 7.8% margin) vs. MAD19.7m (a 1.3% margin) a year ago, a progression of more than 600 basis points. The operating profit moved from MAD-40m in H1 2016 to MAD70m in H1 2017. The net result also witnessed an important increase, establishing at MAD40m in H1 2017 vs. MAD-44m a year ago.
On a consolidated basis, the group’s revenues climbed by 5.8% yoy to MAD1.709bn.
Underlying
Societe Nationale de Siderurgie S.A.

Provider
AlphaMena Corporate Services
AlphaMena Corporate Services

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.

Analysts
Fatma HADDAD

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