Morning Brief of August 6th 2024

FINANCIAL MARKET HEADLINES

| MOROCCO | MANAGEM | Revenue up 5% in H1 2024
In Q2 2024, Managem's revenue amounted to MAD 2.5 Bn, up 26.0% year-on-year. In this context, the company's revenues record an increase of 5.4% in H1 2024 to MAD 4.4 Bn.

| MOROCCO | SMI | Revenue up 7% in H1 2024
In Q2 2024, SMI's revenue rose by +0.6% to MAD 320 Mn. In this context, the company's revenue amounted to MAD 571 Mn in H1 2024 against MAD 532 Mn in H1 2023, up +7.3% year-on-year.

| MOROCCO | SRM | Revenue up 51% in Q2 2024
In Q2 2024, SRM's revenue reached MAD 106.6 Mn against MAD 70.7 Mn in Q2 2023, displaying an increase of 50.9% year-on-year.

| SENEGAL | SONATEL SN | Net income up 30% in H1 2024
In H1 2024, Sonatel SN recorded a revenue of FCFA 878 Bn, up 10.5% year-on-year. Likewise, the operator's net income rose by 29.5% to FCFA 193 Bn during the same period.

 

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