Afriquia Gas's consolidated sales (revenues) grew by 5.3% in the first half of 2019 to more than 3.4 billion dirhams (MMDH).
In the second quarter of this year, sales amounted to 1.85 billion dirhams, an improvement of 9.2% compared to the same period a year earlier, says Afriquia Gaz in a statement on its activity indicators, based on the basis of a provisional situation as of June 30, 2019.
The Moroccan leader in the distribution of liquefied petroleum gas, butane and propane, also said that its semiannual investments amounted to 259.1 million dirhams (MDH), up 24.4% compared to H1-2018. The consolidated net financial debt of Afriquia Gaz, meanwhile, fell from 834.5 million dirhams to 652.4 million dirhams at the end of June, the statement said. In addition, the activity experienced a positive evolution of 4.8% of the tonnages sold by Afriquia Gas to reach 566,769 tons for the first half, thanks to a sustained commercial dynamic.
Approval of the creation of 346 news
companies in the region of Souss-Massa
The Regional Investment Center (CRI) Souss-Massa instructed in the first half of 2019, some 346 applications for business creation for a total investment of 89 million DH (MDH) generating nearly 1,756 jobs.
By legal nature, legal entities represent 83.5% of the creation of companies with a predominance of the Limited Liability Company (SARL) which represents 98% of creations legal persons, indicates a report of CRI Souss-Massa.
With regard to the breakdown of these enterprises by sector of activity, the report notes a predominance of services with an amount of about 32.48 million dirhams, followed by construction and public works (21.7 million dirhams) and industry ( 3 MDH).
With regard to industrial enterprises, the IRC approved the creation of eight enterprises, five of which operate in the metal, metallurgical and electrical industries and three in the wood, paper and cardboard industry.
The remaining 338 firms are spread over various economic sectors, including miscellaneous services (159), trade (105), construction (50), agriculture and fishing (15), tourism (08), and energy and mining (one enterprise). .