FINANCIAL MARKET HEADLINES
| MOROCCO | CIH BANK | NIGS up 67% in Q1 2022
| MOROCCO | CIMENTS DU MAROC | Revenue up 11% in Q1 2022
According to the National Institute of Statistics and Demography (INSD), Burkina Faso's GDP fell by 2.7% year-on-year in Q4 2021.
This results from the decrease observed in the primary (-11.4%) and secondary (-6.2%) sectors.
In Q1 2022, Ciments du Maroc revenue stands at MAD 955 Mn against MAD 862 Mn during the same period of the previous year, i.e. an increase of 10.8%.
| MOROCCO | AUTO NEJMA | Revenue down 8% in Q1 2022
In Q1 2022, Auto Nejma sales volume fell by 11.8% to 879 units. In this context, the company's revenue amounted to MAD 494 Mn at the end of March 2022, down 7.5%.
| MOROCCO | FENIE BROSSETTE | Consolidated revenue up 14% in Q1 2022
At the end of March 2022, Fenie Brossette recorded a consolidated revenue of MAD 136 Mn against MAD 119 Mn at the end of March 2021, i.e. an increase of 14.3% year-on-year.
| MOROCCO | HPS | DPS set at MAD 55 for the FY 2021
HPS shareholders are convened to an Ordinary General Meeting on June 28th 2022. It decided to payout a DPS of MAD 55 for the FY 2021 against MAD 50 in 2020. This dividend will be paid on August 8th 2022.
ECONOMIC HEADLINES
| BURKINA FASO | GDP | Economic activity down 2.7% y-o-y in Q4 2021
According to the National Institute of Statistics and Demography (INSD), Burkina Faso's GDP fell by 2.7% year-on-year in Q4 2021.
This results from the decrease observed in the primary (-11.4%) and secondary (-6.2%) sectors.
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