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Morocco-Lesieur Maroc posts stable earnings
(MENAFN) Lesieur Maroc revenue stabilized year on year yielding low single-digit growth at 1.2 percent and reaching MAD4.033mn.
Furthermore, net margin was unchanged standing at 5.1 percent and reflecting the ability of the group to maintain margins in spite of very volatile commodity markets.
Meanwhile, the earnings ware stabilized amid an economic slowdown, while the performance was achieved due to a resilient business model boosted by a large brand portfolio.
Lesieur is a pioneering player in the Moroccan agribusiness sector, while the group leads the edible oils market with a market share that hovers almost 60 percent.
Furthermore, net margin was unchanged standing at 5.1 percent and reflecting the ability of the group to maintain margins in spite of very volatile commodity markets.
Meanwhile, the earnings ware stabilized amid an economic slowdown, while the performance was achieved due to a resilient business model boosted by a large brand portfolio.
Lesieur is a pioneering player in the Moroccan agribusiness sector, while the group leads the edible oils market with a market share that hovers almost 60 percent.
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