Morning Brief of August 30th 2024

FINANCIAL MARKETS HEADLINES

| MOROCCO | BMCI | Consolidated Net Income down 3% in H1 2024

| MOROCCO | BANK OF AFRICA | NBI up 14% in H1 2024
In Q2 2024, Bank of Africa's NBI stood at MAD 5,120 Mn, up 13% year-on-year. In H1 2024, this recorded an increase of 14% to MAD 9,585 Mn.

| MOROCCO | TAQA MOROCCO | Consolidated revenue down 24% in H1 2024
In Q2 2024, Taqa Morocco's consolidated revenue stood at MAD 2,692 Mn, down 19.8% year-on-year. In H1 2024, this fell by 24.1% to MAD 5,651 Mn.

| MOROCCO | LABEL VIE | Consolidated revenue up 3% in H1 2024
In Q2 2024, Label Vie's consolidated revenue settled at MAD 3,958 Mn, up 5.4% year-on-year. In H1 2024, this recorded an increase of 3.3% to MAD 7,783 Mn.

| MOROCCO | WAFA ASSURANCE | Consolidated revenue up 9% in H1 2024
In Q2 2024, Wafa Assurance's consolidated revenue reached MAD 3,027 Mn, up 3.4% year-on-year. In H1 2024, this recorded an increase of 8.7% to MAD 7,100 Mn.

| MOROCCO | TOTALENERGIES MARKETING MAROC | Sales volume up 4% in H1 2024
In H1 2024, TotalEnergies Marketing Maroc's sales volume reached 870 KT, up 4% year-on-year. In this context, the Group's consolidated revenue amounted to MAD 8.5 Bn, up 2.4%.

| MOROCCO | HPS | Consolidated global revenue up 1% in H1 2024
At the end of Q2 2024, consolidated global revenue amounted MAD 282.7 Mn, down 5.3% year-on-year. At the end of June 2024, this rose by 1.3% to MAD 571.1 Mn.

| MOROCCO | DELTA HOLDING | Consolidated revenue up 4% in H1 2024
In Q2 2024, Delta Holding's consolidated revenue reached MAD 686 Mn, down 5.1% year-on-year. In H1 2024, this rose by 3.9% to MAD 1,375 Mn.

| MOROCCO | SBM | Consolidated revenue down 1% in H1 2024
In Q2 2024, SBM's consolidated revenue stood at MAD 756 Mn, up 7.7% year-on-year. In H1 2024, this dropped by 1.3% to MAD 1,117 Mn.

| MOROCCO | MUTANDIS| Recurring Net Income up 20% in H1 2024

| MOROCCO | JET CONTRACTORS | Consolidated revenue up 47% in H1 2024
In Q2 2024, Jet Contractors' consolidated revenue stood MAD 849 Mn, up 80.7% year-on-year. In H1 2024, this recorded an appreciation of 46.6% to MAD 1,452 Mn.

| MOROCCO | ALUMINIUM DU MAROC | Revenue down 13% in H1 2024
In Q2 2024, Aluminium du Maroc's revenue settled at MAD 254 Mn, down 13% year-on-year. At the end of June 2024, this dropped by 13% to MAD 518 Mn.

| MOROCCO | ARADEI CAPITAL | Consolidated revenue up 1% in H1 2024
In Q2 2024, Aradei Capital's consolidated revenue settled at MAD 151.9 Mn, down 0.7% year-on-year. At the end of June 2024, this rose by 0.9% to MAD 298 Mn.

| MOROCCO | MAGHREBAIL | Revenue up 7% in H1 2024
In Q2 2024, Maghrebail's revenue reached MAD 1,045 Mn, up 10.9% year-on-year. In H1 2024, this recorded an increase of 7.1% to MAD 2,025 Mn.

| MOROCCO | RISMA | Consolidated revenue almost stable in H1 2024
In Q2 2024, Risma's consolidated revenue stood at MAD 344 Mn, up 7.5% year-on-year. At the end of June 2024, this recorded a slight increase of 0.5% to MAD 597 Mn.

| MOROCCO | EQDOM | NBI down 4% in H1 2024
At the end of H1 2024, Eqdom's Net Banking Income stood at MAD 282 Mn against MAD 293 Mn a year earlier, recording a decrease of 4%.

| MOROCCO | DARI COUSPATE | Revenue down 6% in H1 2024
In Q2 2024, Dari Couspate's revenue settled at MAD 178.6 Mn, down 7.7% year-on-year. At the end of June 2024, this recorded decrease of 6.4% to MAD 400.4 Mn.

| MOROCCO | BALIMA | Revenue up 2,5% in H1 2024
In Q2 2024, Balima's revenue settled at MAD 12.2 Mn, up 2.4% year-on-year. In H1 2024, this recorded an increase of 2.5% to MAD 24.5 Mn.

| MOROCCO | FENIE BROSSETTE | Consolidated revenue up 12% in H1 2024
In Q2 2024, Fenie Brossette's consolidated revenue reached MAD 188 Mn, i.e. an increase of 20.5% year-on-year. At the end of June 2024, this rose by 11.7% to MAD 343 Mn.

| MOROCCO | M2M GROUP | Consolidated revenue up 64% in H1 2024
In Q2 2024, M2M Group's consolidated revenue amounted to MAD 31 Mn, up 94% compared to the same period in 2023. In H1 2024, this recorded an appreciation of 64% to MAD 54 Mn.

| MOROCCO | REBAB COMPANY | Revenue stable in H1 2024
In Q2 2024, Rebab Company's turnover reached MAD 8,000, stable compared to the same period in 2023. In H1 2024, this remai-ned at the same level, i.e. MAD 15,000.

| MOROCCO | ZELLIDJA | Consolidated revenue up 12% in H1 2024
In Q2 2024, Zellidja's consolidated revenue stood at MAD 188 Mn, up 20.5% year-on-year. At the end of June 2024, this rose by 11.7% to MAD 343 Mn.

 

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