PRESS RELEASE 3RD QUARTER 2022 FINANCIAL INDICATORS
CONTINUOUSLY GROWING TURNOVER
The AFMA group achieved at the end of September 2022 a consolidated turnover of
Consolidated turnover (in MDH)
180.3 MDH once morest 151.6 MDH for the same period in 2021, an increase of 19%.
This good performance is mainly explained by the realization of new business in 2022, but also by delays in the issuance of insurance premiums and the integration of ACR, a subsidiary located in Côte d’Ivoire, acquired and entered into the scope of consolidation during the 4th quarter of 2021.
Adjusted for issue delays and the acquisition of ACR, consolidated revenue increased by 11%.
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T3-2021 |
T3-2022 |
END SEP 2021 END SEP 2022 |
Corporate turnover (in MDH)
AFMA SA’s corporate turnover at the end of September 2022 was 149.6 million dirhams once morest 133.4 million dirhams at the end of September 2021, an increase of 12%.
The amount of investments made by the AFMA group at the end of September 2022 is 5.7 MDH once morest 4.7 MDH at the end of September 2021.
Consolidated net financial debt stood at 32.1 million dirhams at the end of September 2022 once morest 10 million dirhams at the end of December 2021.
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T3-2021 |
T3-2022 |
END SEP 2021 END SEP 2022 |
CONSOLIDATION SCOPE
Companies over which AFMA directly or indirectly exercises exclusive control are fully consolidated. The scope of consolidation has not undergone any change compared to December 2021.
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Disclaimer
AFMA SA published this content on 28 February 2023 and is solely responsible for the information contained therein. Distributed by Publicunedited and unaltered, on 28 February 2023 09:04:07 UTC.