Home / Finance & Economy / Taqa Morocco improves its profit

Taqa Morocco improves its profit

Taqa Morocco completed fiscal year 2018 on a positive note. The electricity distributor achieved a turnover of MAD 8.5 billion, up 5.3% compared to 2017. This growth comes from the good momentum of the 6 electricity generating units and an estimated availability rate of 91.2%.

Thus, the company’s operating income amounted to 2.64 billion dirhams, an improvement of 2.6 percent, while the net profit amounted to 1.36 billion dirhams (+3.1 percent). In this context, the company raises its profit by 3.4% to 1.04 billion dirhams. It will distribute a dividend of MAD 40 per share.

Check Also

Global Innovation Index 2021: Morocco ranks 77th in the world

The United Nations World Intellectual Property Organization (WIPO) has just published its 14th Global Innovation …

Leave a Reply