Alliances: turnover of more than 1.5 billion dirhams

Media7 November 21, 2023

The Alliances group’s consolidated turnover (CA) stood at more than 1.5 billion dirhams (billion dirhams) at the end of last September, up 22% compared to the same period a year earlier.

The Group managed to maintain its production pace thanks to its business portfolio focused mainly on housing development projects, recording an increase of 27% compared to the previous quarter, indicates a press release of the company’s quarterly results.

As of September 30, 2023, the Group has an order book amounting to 7,672 units for a total secured real estate value (VIT) of around MAD 3.1 billion, the press release said, noting that the total number of The units in production amounted to 5,223 units as of September 30, 2023, compared to 4,117 units in Q2 2023, representing growth of 27%.

The Group’s net debt is down 4%, and stands at MAD 2 billion as of September 30, 2023 compared to MAD 2.1 billion as of September 30, 2022, reports the same source.