Moroccan housebuilder Addoha's H1 net profit rises
RABAT, Sept 28 |
RABAT, Sept 28 (Reuters) - Addoha, Morocco's biggest property developer by market value, posted a 17.9 percent rise in its first-half net profit after sales increased, joining smaller listed rivals in posting some of the best profit growths in the Casablanca bourse.
In a published statement, Addoha said it had made 567 million dirhams ($65.7 million) consolidated net profit in the six months to end-June, on turnover up 9.8 percent to 3.1 billion dirhams.
Addoha shares were down 1.7 percent at 1152 GMT.
($1 = 8.6301 Moroccan dirhams) (Reporting By Souhail Karam; Editing by Pravin Char)
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