March 29, 2017 / 7:29 AM / 6 months ago

Morocco's SNI says 2016 profit up 34 pct - local media

RABAT, March 29 (Reuters) - Morocco’s National Investment Co (SNI) an investment holding firm controlled by the country’s monarchy, reported a 34 percent increase in net profit, helped by capital gains from a merger between Lafarge Ciments and Holcim Maroc, it said in a statement on Wednesday.

Net profit attributable to shareholders rose to 4.43 billion Moroccan dirhams ($43.11 million) from 3.31 billion dirhams a year earlier, a financial statement published in the Le Matin newspaper, which is close to the palace. ($1 = 9.9746 Moroccan dirham) (Reporting by Samia Errazzouki; writing by Patrick Markey)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below