Article: MOROCCO: AUTO-NEJMA RELEASES POSITIVE FIGURES.(Brief Article)(Statistical Data Included)

According to the North Africa Journal, automobile distributor, Auto Nejma, has recorded a positive performance as it concludes its first year in the Casablanca Stock Exchange. Its fiscal 1999 ended with sales worth DH 337.7 million and net results of DH 18.9 million. These numbers are up by 27% and 77% respectively compared to FY '98. These financial data were presented by the company's CEO, Mr. Zakaria Hakam, during a meeting with financial analysts held on March 29th, 2000. Mr. Hakam could not hide his satisfaction since these numbers exceeded initial estimates of the company and independent analysts alike. For the shareholders this is good news. Auto Nejma ...

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