Afriquia Gaz Reports 8.9% Increase in Consolidated Turnover at End of March

2023-06-01 20:42:00

Thursday, June 1, 2023 at 09:42 PM

Casablanca – The consolidated turnover of Afriquia Gaz amounted to 2.45 billion dirhams (MMDH) at the end of March, up 8.9% compared to the same period of the past financial year.

Consolidated investments, on this date, fell by 0.3% to 113.3 million dirhams (MDH), according to the company’s quarterly indicators. Consolidated net financial debt amounted to 2.11 billion dirhams, once morest 1.13 billion dirhams a year earlier.

In social terms, Afriquia Gaz generated a turnover of more than 2.29 billion dirhams, an improvement of 3.5% compared to Q1-2022, explained by a positive evolution of the volumes sold during this period.

The quantities sold by Afriquia Gaz recorded an increase of 5.5% to 310,479 tonnes for the 1st quarter of 2023, explained, according to the same source, by the continuous effort of the Group’s commercial activity.

With regard to investments, they amounted to 100.1 million dirhams at the end of March 2023, down 3.2% compared to the same period of 2022, mainly relating to the injection of bottles to meet the market needs.

Net corporate debt stood at 1.33 billion dirhams, following 441.7 million dirhams a year earlier.

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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