“AFMA Group Announces Record Growth in First Quarter 2023 Financial Indicators”

2023-05-29 09:43:02

PRESS RELEASE

FIRST QUARTER 2023 FINANCIAL INDICATORS

CONTINUOUSLY GROWING TURNOVER

The consolidated turnover of the AFMA group recorded growth of 7%, going from 74.4 million dirhams at the end of March 2022 to 80 million dirhams at the end of March 2023.

AFMA SA’s corporate turnover reached an amount of 65.5 million dirhams at the end of March 2023, compared to 59.7 million dirhams at the end of March 2022, an increase of 10%.

The amount of investments made by the AFMA group at the end of March 2023 is 2.6 MDH once morest 2.2 MDH at the end of March 2022.

Consolidated net financial debt stood at -1.8 MDH (surplus) at the end of March 2023 once morest 31.7 MDH at the end of December 2022.

Consolidated turnover (in MDH)

+7%

80

74,4

T1-2022T1-2023

Corporate turnover (in MDH)

+10%

65,5

59,7

T1-2022T1-2023

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 2022.

© 2023 AFMA ASSURER COUNCIL

A company of

finance@afmagroup.ma – +212 522 428 000

Disclaimer

AFMA SA published this content on 29 May 2023 and is solely responsible for the information contained therein. Distributed by Publicunedited and unaltered, on 29 May 2023 09:42:09 UTC.

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