24
Feb
14:25
Sonasid signals lower 2019 profit despite higher sales
Major Moroccan steelmaker and supplier of long products, Sonasid, has issued a profit warning for its 2019 financial results. The company expects profits for 2019 to fall again compared with 2018, despite it having generated higher sales.
According to a statement monitored by Kallanish, sales during 2019 moved up by 2.4% year-on-year overall. Rebar sales in particular performed well, having increased by 8% y-o-y. In 2018 sales had risen by 3.4% y-o-y to MAD 3…
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