26
Mar
09:28
Sonasid names new director after fall in profits
Major Moroccan longs producer Sonasid has named Ismail Akalay as new director general, taking over from Said Elhadi, Kallanish notes.
The announcement came as the company reported a fall in net profits in 2018 by some 70% year-on-year to MAD 13 million ($1.35m). This was despite an increase in turnover of over 3% y-o-y due to increasing raw material costs, for electrodes in particular. The difficulties in raising selling prices due to&n…
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Anonymous
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