March 30, 2018 / 10:06 AM / a month ago

BRIEF-Alliances FY Consolidated Net Income Up At 251 Million Dirhams

March 30 (Reuters) - ALLIANCES DEVELOPPEMENT IMMOBILIERE STE SA:

* FY CONSOLIDATED REVENUE MAD 3.02 BILLION VERSUS MAD 3.56 BILLION YEAR AGO‍​‍​

* FY CONSOLIDATED NET INCOME MAD 251 MILLION VERSUS MAD 178 MILLION YEAR AGO

* NET DEBT AT END-DEC MAD 4.7 BILLION VERSUS MAD 5.2 BILLION AT END-JUNE

* SEES NET DEBT AT END-DEC 2018 AT MAD 2 BILLION

* CONFIRMS OUTLOOK FOR GROWTH AND ACTIVITY IN 2018

* SEES REDUCTION OF FINANCIAL EXPENSES TO ABOUT MAD 100 MILLION IN 2018 Source text: bit.ly/2uFj935 Further company coverage: (Gdynia Newsroom)

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