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CTM: Turnover up 1.7% compared to the previous year

In the first half of 2019, the “Compagnie de Transport au Maroc” (CTM) achieved consolidated sales of MAD 299 million, an increase of 1.7% compared to the same period last year.

In a financial communication on the activity and achievements of the 2nd quarter of 2019, the CTM states that this performance reflects the good achievements of the interurban transport and courier transport activities.

During the same period, the social turnover amounted to 237 million dirhams, up 1.7% compared to the end of June 2018, thanks to the performance of its various businesses, including interurban transport.

On the investment side, the CTM Group indicates that it “will maintain the same level as the year 2018 with a realization of part of the investment in the 2nd half of the current year”.

Group indebtedness amounted to 130 million dirhams at the end of June 2019, down 13.3% compared to the end of 2018, following repayments of loans during this period.

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