The subsidiary of Sofiprotéol is skidding
Group sales were reduced by 2.7% to MAD1.949bn due to the decline in the export activity affected by the decline in international olive oil prices. The EBITDA decreased by 13.1% to MAD152m, bringing the EBITDA margin to 7.9% (-80 bps). The operating income decreased by 18.2% to MAD121m. The operating margin was 6.2% (-110 bps). As a result, net income is set at MAD93m vs. MAD102m at the end of June 2015. The net margin was 4.7% (-40 bps).
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