Al Omrane: Sales up 9.2% at the end of September

The turnover (CA) of the Al Omrane Group recorded amounted to more than 2.62 billion dirhams (MMDH) for the first nine months of the year, up 9.2% compared to in the same period of 2021.

In a financial press release, the Group specifies that for the third quarter of 2022, sales amounted to 925 million dirhams (MDH), an improvement of 26% compared to Q3-2021.

“During the third quarter, the Al Omrane Group continued its efforts in a particular economic situation marked by the continuation of inflationary tensions generated by the geopolitical context in Europe”, it is underlined.

In coordination with the Ministry of National Territorial Planning, Urban Planning, Housing and City Policy and with the support of other central and territorial partners, the Group has been able to maintain a pace of satisfactory progress on all of its programs, affirms the same source, noting, in this respect, that the quarter was marked by a positive commercial dynamic, with in particular the organization of the annual summer operation “Saïf Al Omrane” which was an opportunity to present all of the Group’s products at the national level, both for housing and for economic activities, to customer-citizens, particularly those residing abroad.

Furthermore, and faced with the context of higher prices for building materials and supply difficulties, the Group indicates that it has multiplied its efforts to ensure the execution of its projects, both in terms of urban upgrades and in terms of new production. Thus, at the end of September 2022, urban upgrading projects concerned 41,578 construction units and 47,472 completed units. The Group’s new production, for its part, involved the start-up of 4,585 units and the completion of 6,092 units.

By continuing to carry out its housing production and urban development projects, the Al Omrane Group, while putting in place the necessary financial means, was able to reduce, according to the same source, its debt, which stood at 4 .9 billion dirhams at the end of September 2022, down 2% compared to the same period in 2021.

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