Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Consolidated sales up by 5.9%, driven by the export activity; A 4.8% increase in consolidated EBITDA thanks to efforts in terms of energy optimization; Proposal by the Board of Directors to the OGM to distribute a MAD 10 DPS and to the EGM to increase the capital by incorporation of the reserves and free distribution of a new share for each 2 old shares.
Un chiffre d’affaires consolidé en hausse de 5,9%, tiré par l’activité export ; Un EBE consolidé en croissance de 4,8% grâce aux efforts en termes d’optimisation énergétique ; Proposition par le CA à l’AGO de distribuer un DPA de MAD 10 et à l’AGE d’augmenter le capital social par incorporation des réserves et distribution gratuite d’une action nouvelle pour chaque 2 actions anciennes.
Given its monopolistic position on the Moroccan sugar market, COSUMAR is implementing an ambitious strategy, which is based in particular on its desire to become the major regional sugar producer in Africa with complete diversified activities, sustainable creator of values while being socially responsible. In 2016, COSUMAR has materialized its wish to expand its activities outside Morocco by acquiring 43.3% stake in DURRAH ADVANCED DEVELOPMENT CO which carries the project "DURRAH SUGAR REFINERY...
Fort de sa position monopolistique sur le marché marocain du sucre, COSUMAR met en place une stratégie ambitieuse qui repose notamment sur sa volonté de devenir un acteur régional sucrier majeur en Afrique, diversifié dans ses activités, créateur durable de valeurs et socialement responsable. Le co-investissement réalisé par le leader marocain du sucre en Arabie Saoudite confirme la poursuite de son ambition de développement à l’international. Les perspectives concernant ce partenariat semblent...
For the first half of 2017, Cosumar’s revenues increased by 20.5% to MAD4.418bn. This performance is due to the favourable trend in export volumes of white sugar. The EBITDA rose by 10.1% to MAD1.005bn, reflecting the positive impact of upgrading investments and the development of industrial facilities. Thus, the EBITDA margin stood at 22.7% (-210 bps compared to H1 2016), likely affected by the level of lower export margins. In addition, the net income group share amounted to MAD560m, an incr...
Synopsis Compagnie Sucriere Marocaine De Raffinage Sa - Cosumar - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360Ëš view of the company. Summary - Detailed information on Compagnie Sucriere Marocaine De Raffinage Sa - Cosumar required for business and competitor intelligence needs - A study of the majo...
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The Moroccan sugar operator, Cosumar, recorded an increase in its sales by nearly 9% to MAD3.318bn. The EBITDA was up 19.8% to MAD831.3M, with an EBITDA margin of 25.0% (+220 bps). The operating result increased by 38.9%. The operating margin was stable at 19.1% (+410 bps). The RNPG stood at MAD404M, an increase of 38.8%. The net margin was 12.2% at the end of June 2015, against 9.6% a year earlier. For the parent company, the turnover reached MAD2.635bn, up 6.9%.
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