NIGS up 10% in the first half of 2022

The turnover achieved increased by 13% compared to the first half of 2021, to reach 1,268 million MAD with a consolidated operating income of 126 million MAD, up 20%.

Consolidated net income amounted to MAD 81 million, up 30% with consolidated net income group share of MAD 70 million, up 10%.

The order book remaining to be executed at the end of this first half of 2022 amounts to 3,006 million MAD, which represents 11 months of turnover.

The company’s net income amounted to MAD 103 million at the end of June 2022, down -28% compared to the same period in 2021, mainly due to the dividend distribution policy adopted by the subsidiaries allowing better financing in a persistent inflationary context on input prices.

Net financial debt improved compared to the 2021 financial year with a reduction of -26% in the consolidated accounts and -28% in the individual accounts.

During this first half, the delta holding group maintained a good level of deployment across all the activities of the subsidiaries. The latter have participated in the realization of major industrial and infrastructure projects covering the water, mining, transport and health sectors.

Despite an unfavorable economic climate which continues to be marked by the rise in input prices and their scarcity, the Group, bolstered by a well-stocked order book and financial solidity, remains confident in its ability to maintain sustained growth thanks to the diversification of its activities, its integrated management model and its solid fundamentals.

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