23
Mar
14:20
Strong second half boosts Sonasid’s 2020 profit
Moroccan long products supplier Sonasid posted net profit of MAD 20 million ($2.22m) in 2020, more than doubling the net profit of MAD 8m posted in 2019, Kallanish learns from the company.
Net profit of MAD 47m in the second half of last year helped the company to recover from a loss in the first six months of the year.
While profitability increased, turnover in 2020 was down 13% year-on-year to MAD 3.1 billion. Volumes sold were down 4% during the year, and lowe…
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Anonymous
Very good overview of the weekly steel market.
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