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Sonasid: Turnover decreases

Sonasid’s consolidated sales declined in the first nine months of the year to 2.67 billion dirhams against 2.88 billion dirhams a year earlier. This decline is partly explained by the decline in activity during the third quarter, during which turnover reached MAD 858 million, a decline of 9% year-on-year. In the third quarter, the company was impacted by lower selling prices. However, sales in the local market grew by 1.2% in the first nine months of the year.

In addition, the company has invested MAD 26 million since the year against 10 million a year earlier. These investments are primarily for security and operational improvements.

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