slight deficit and stable dividend in 2020

The group’s turnover is down 16% in 2020 to 752.5 million dirhams. The group justifies the drop by the effects of the pandemic and containment.

Operating income fell 28% to 43.2 million dirhams. This decrease is mainly due to the decrease in the group’s activity in 2020. Aluminum du Maroc specifies that the impact “ has been contained thanks to the efforts made to control structural loads while preserving employment ».

The group’s net income fell by 46% to 32.5 million dirhams. In addition to the 28% drop in operating income, non-current income depreciated by 13.7 million dirhams compared to 2019 due to the non-renewal of exceptional land transactions.

The consolidated RNPG shows a deficit of 925,000 dirhams. The group explains that the latter is ” mainly impacted by investments in consolidated companies, in particular the equity method of the hotel sector, which suffered the full brunt of the effects of the health pandemic ».

For the year 2020, the board of directors proposes a dividend of 70 dirhams per share, stable compared to 2019. The distribution will amount to 32,616,780 dirhams. And this, taking into account the carried forward to 12/31/2019 of 258 million dirhams and a 2020 net income of 32.5 million dirhams.

Source

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