Immorente improves its results for the 2018 financial year. The real estate company increased its invested portfolio by 179 million dirhams to reach 452 million dirhams, an increase of 66%.
Rents thus recorded a growth of 33% to MAD 19.7 million “due to the increase in the scope of assets”. The yield improves by 8.1% against 7.7% in 2017.
In this context, the property generates a net profit of MAD 14.2 million against MAD 5 million in 2017. The consolidated net result stands at 3,7 million against a loss of MAD 2 million a year ago.