Construction: Delta Holding improves its turnover by 15%

Hibapress

The company specializing in building and public works (BTP), Delta Holding, improved its consolidated turnover (CA) by 15%, reaching 689 million dirhams (MDH) during the first quarter of the year (Q1 -2024), compared to 600 MDH at the same period of the previous year.

At the end of March 2024, consolidated investment expenses reached 15 MDH, down 42% compared to the first quarter of 2023 when they amounted to 26 MDH, indicates the company in a financial press release on its 1st quarter indicators.

Furthermore, consolidated financial debt saw a clear improvement compared to the same period in 2023, with a reduction of 150%, to -155 MDH, compared to 311 MDH in the first quarter of the previous year.

On the social level (Delta Holding’s social accounts), turnover stands at MAD 20 million, down 5% compared to Q1-2023, while investment expenses are zero, and net financial debt is – 124 MDH (-272%).

Furthermore, the company announces that the consolidation scope will see the exit of the subsidiary ISOSIGN, STI and ISOFORM this year. And to specify that the exit of the subsidiaries ISOSIGN and STI comes following the sale by the Delta Holding Group of its entire stake (53.5%) in the company ISOSIGN, held indirectly through the subsidiary DHE, subject of the press releases press releases of March 30 and April 23, 2024.

As for ISOFORM, it is a subsidiary that has ceased operations since 2020. This company specialized in precision sheet metal and thermoforming activities for signaling and safety equipment which is currently domiciled at another subsidiary. of the group.