FINANCIAL MARKET HEADLINES
| MOROCCO | TAQA MOROCCO | NIGS down 24% in H1 2023
| MOROCCO | COSUMAR | NIGS down 8% in H1 2023
| MOROCCO | DELTA HOLDING | NIGS up 12% in H1 2023
| MOROCCO | AUTO HALL | Consolidated income before tax down 94% in H1 2023
ECONOMIC HEADLINES
| MOROCCO | SNEP | Profit warning
In a press release, SNEP announces that as part of the start-up tests related to the extension of its production capacities, and due to the particularly rigorous safety requirements inherent to the petrochemical industry, the operator had to face during H1 2023, frequent and prolonged shutdowns of its production tools.
According to the same press release, these shutdowns impacted SNEP's industrial performance and profitability during H1 2023.
Note that these shutdowns were also combined with a sharp drop in the sales prices of vinyl products.
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