Africa News Bulletin

Morocco: The TGCC Group Achieves Strong Growth And Profitability In The First Half Of 2023

For the second half of 2023, TGCC intends to maintain its growth and preserve its profitability. The Group also intends to continue implementing its strategy of integration and diversification of its activities as well as the extension of its international network.

In the meantime, the first half of 2023 was marked by a high rate of production for the Group . Its operating incomereached 3 billion DH, a jump of 29% over one year. “This performance is the result of a vigorous commercial dynamic and a development strategy focused on key sectors for Morocco’s economic growth, such as health and education,” indicates the group whose international subsidiaries record also an increase in their activities resulting from the commercial efforts made.

For its part, the group’s order book reached a historic level of 8.3 billion DH at the end of June .

Its EBITDA stands at 298 million DH, representing growth of 38% compared to the first half of 2022. This performance results from the emphasis placed on projects with high added value combined with thecontrol of margins on purchases. The group’s net profit stands at 122 million DH, up 30% compared to the same period in 2022.

LE MATIN

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top