African Markets Review 09 12 19
In Morocco, PROMOPHARM publishes a press release concerning its H1 2019 achievements, showing a Half-yearly revenues of MAD 235m against MAD 199.5m in H1 2018, investments of MAD 4.4m compared to MAD 0.9m at the end of June 2018, and a debt of MAD 73.5m against MAD 49.02m at the end of 2018; In Morocco, PROMOPHARM publishes a press release concerning its H1 2019 achievements, showing a Half-yearly revenues of MAD 235m against MAD 199.5m in H1 2018, investments of MAD 4.4m compared to MAD 0.9m at the end of June 2018, and a debt of MAD 73.5m against MAD 49.02m at the end of 2018; In Tunisia, SIPHAT publishes its financial statements at 12/31/2018, showing revenues down by 11.3% to TND 33.15m and a net loss of TND -14.26m against a loss of TND -7.73m a year earlier; In Egypt, EGYPTIAN RESORTS COMPANY publishes its H1 2019 consolidated results, showing a net income up by 29% y-o-y to EGP 81m compared to same period in 2018; Among the Covered African markets, the Nigerian Stock Exchange recorded the highest daily performance (+0.67%), whereas BRVM Stock Exchange pointed the lowest one (-0.45%) for the second time in a row.
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
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