Recently introduced on the Casablanca Stock Exchange, Mutandis closed the year 2018 with a 40% increase in its net profit to 78 million dirhams (7.8 million euros). The performance was offset by a stagnation of dividends at the same level as the previous year, or 7.5 dirhams per share.
The group specializing in consumer goods has achieved a turnover of 1.37 billion dirhams (137 million euros) up 8% year on year. Gross operating surplus reached MAD 188 million (+ 14%), marking the sixth consecutive year in a row. All product lines contributed to this performance: + 6% for detergents, + 7% for seafood products, + 9% for food bottles and + 27% for fruit juices.
Founded by Mr. Adil Douiri, Mutandis is an industrial and commercial group specializing in household consumer goods in Morocco and Africa.
