Home / Finance & Economy / Mutandis: 15% increase in turnover in the first quarter

Mutandis: 15% increase in turnover in the first quarter

The turnover of Mutandis, an industrial and commercial group specializing in household consumer goods in Morocco and Africa, reached MAD 315 million in the first quarter of the current year, up 15 % compared to Q1-2018.

This quarter’s sales represent an average of 21% of annual sales, says Mutandis in a statement on its activity in Q1-2019, noting that this increase has affected all product lines and that volumes are sharply increasing in one year, relatively stable price environment.

Thus, the activity of “detergents” generated a turnover of 148 million dirhams, in evolution of 17% compared to the first quarter of 2018, while the turnover “of the products of the sea” progressed of 4% to MAD 95 million, points out the same source. Mutandis also reports that the turnover of the “food bottles” and “fruit juice” activities amounted to 57 million dirhams and 15 million dirhams, respectively, increases of 30% and 34%.

Check Also

Oxfam is launching soon a study on tax incentives in Morocco

Oxfam is preparing to launch an analytical study on the relevance and incentive value of …

Leave a Reply