Solid result despite lower revenues
Taqa Morocco reported a 1.3% increase in 2016 Net result, from MAD966m to MAD978m, despite a year-on-year 9.4% decline in revenues to MAD8.049bn. 2016 EBITDA margin improved from 40.6% to 43.6%. The consolidated EBIT decreased by 3.4% to MAD2.576bn. In addition, the Board of Directors proposes to distribute a dividend of MAD37 per share, up by 23% compared to 2015.
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.
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