Morning Brief November 1st 2024

FINANCIAL MARKETS HEADLINES

| MOROCCO | SRM | Revenue up 36% in Q3 2024
In Q3 2024, SRM's revenue stood at MAD 71.6 Mn against MAD 52.7 Mn a year earlier, displaying an increase of 35.9% y-o-y. Meanwhile, the company’s EBITDA settled at MAD -1.8 Mn in Q3 2024 compared to MAD -3.5 Mn in Q3 2023.

| CÔTE D’IVOIRE | SOCIÉTÉ GÉNÉRALE CI | Net income up 14% at the end of September 2024
At the end of September 2024, Société Générale CI's NBI amounted to FCFA 185.2 Bn, up 5.8% compared to the same period of the previous year. Likewise, the bank’s net income recorded an increase of 13.7% during the same period to FCFA 74.6 Bn.

 

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