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Pharmaceutical industry: Sothema is doing well

Sothema, a specialist in the pharmaceutical industry in Morocco, achieved in 2011 a net profit of 217 million dirhams, up 44.69% over the previous year, according to a company statement released on Monday.

This change is mainly due to the offset effect of the increase in the current result, from MAD 219 million in 2017 to MAD 260 million in 2018 (+18.79%), as well as the contribution of non-current income is raised to MAD 36 million in 2018, indicates the same source.

Non-current income recorded the reversal of the provision for non-recurring depreciation for MAD 52.5 million and the tax expense related to this adjustment for MAD 16 million, recorded in agreement with the tax authorities. The Board of Directors of Sothema met last Wednesday and decided to convene the ordinary general meeting on May 22 to propose the distribution of a gross dividend of 67 dirhams per share.

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