LYDEC : Increasing financial indicators in H1 2017
- Higher revenues following the repercussion of the rise in electricity purchase prices on January 1st, 2017 in accordance with the Government-ONEE program contract;
- Continued control of operating expenses, boosting the EBITDA by 8.8%;
- Mobilization of an investment envelope of MAD 457m, of which MAD 199m are financed by the Delegate;
- Adjustment a priori expected on our net income forecasts following the non-recurrence of the tax audit paid in 2016.
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.
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.