2023-05-30 07:25:28
Aradei Capital’s consolidated IFRS turnover for the 1st quarter of 2023 amounted to 142.3 MDH once morest 117.6 MDH in the same period of the previous year, an increase of +21.1%. Nearly 70% of this growth is generated by the new scope of the real estate following the deliveries made in the second half of 2022 (4 health facilities by Akdital Immo, Prism office building and 2 extensions: Atacadao Meknes and Atacadao Inezgane).
Company turnover stood at 47.7 MDH as of March 31, 2023 compared to 38.8 MDH as of March 31, 2022, an increase of +23.0%.
The overall investment made by the property company for the 1st quarter of 2023 amounts to 135.1 million dirhams including in particular the development expenses of Akdital Immo: delivery of 4 health establishments and acquisition of land in Benguerir.
Gross debt amounted to 2,801.9 MDH as of March 31, 2023 and remained stable compared to the end of December 2022.
Net debt (including available cash) amounts to 2,361.7 million dirhams.
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