Morning Brief march 1st, 2024

FINANCIAL MARKET HEADLINES
| MOROCCO | LABEL VIE | Current income up 3% in 2023, DPS raised to MAD 96.75

| MOROCCO | MAROC LEASING | Net income up 52% in 2023

| MOROCCO | BCP | Consolidated NBI up 11% in 2023
For the FY 2023, the consolidated NBI of BCP stood at MAD 22.8 Bn compared to MAD 20.6 Bn a year earlier, thus recording an increase of 10.6%.

| MOROCCO | SONASID | Consolidated revenue up 2% in 2023
In Q4 2023, the consolidated revenue of Sonasid recorded an increase of 7% to MAD 1,326 Mn. In 2023, this reached MAD 4,996 Mn, showing an increase of 2%.

| MOROCCO | TGCC | Consolidated global revenue up 36% in 2023
In Q4 2023, TGCC's consolidated global revenue showed an increase of 29% to MAD 2,213 Mn. In 2023, these amount to MAD 7,156 Mn, showing an increase of 36%.

| MOROCCO | CMT | Consolidated revenue almost stable in 2023
In Q4 2023, CMT's consolidated revenue stood at MAD 153 Mn, down 26% year-on-year. In 2023, the Group's consolidated revenue show a slight decrease of 0.3% to MAD 590 Mn.

| MOROCCO | ALUMINIUM DU MAROC | Revenue down 12% in 2023
In Q4 2023, Aluminum du Maroc posted an increase in revenue of 13% to MAD 300.6 Mn. Meanwhile, the operator’s revenue decreased by 12% in 2023 to MAD 1,088.7 Mn compared to MAD 1,234.1 Mn in 2022.

| MOROCCO | SNEP | Revenue down 28% in 2023
In Q4 2023, SNEP’s revenue fell by 40.0% to MAD 157.5 Mn. In 2023, the company’s revenue decreased by 28.3% to MAD 794.4 Mn against MAD 1,107.4 Mn in 2022.
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