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Morocco: 37% increase in turnover for the Addoha group in the third quarter

03/12/2021
Categories: Companies

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In a financial communication published on Tuesday, November 30, the Moroccan group Addoha announced that it had achieved a turnover of 420 million dirhams (45.4 million dollars) in the third quarter of 2021. The increase is estimated at 37% compared to at the same period in 2020 when the group posted 305 million dirhams (32.9 million dollars).

Over the first 9 months of the current year ended September 30, this figure is increased to one billion dirhams (108 million dollars) against 743 million dirhams (80.3 million dollars) in 2020, thus achieving a 47% increase. On its markets in West Africa, Addoha completed the acquisition of 3 new plots in Abidjan in the 3rd quarter for a total consistency of nearly 1,300 medium and high standing units. The group now has 12 real estate programs in Côte d'Ivoire. In Conakry, a new mid-range housing project has been launched for marketing.

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