Morocco's ONA group earns 10 percent more income in 2001
Morocco's Omnium Nord-Africain (ONA) posted a 10.7 percent increase in the group’s consolidated turnover, which totaled 24.3 billion Moroccan dirhams in the financial year 2001.
A five percent rise was recorded in the net profits of ONA’s retailing and agro-businesses in 2001, reaching 1.78 billion Moroccan dirhams ($153 million), ONA Chairman Murad Sherif announced in a news conference. At the same time, the private group, which holds interests in over 80 firms, recorded a 50 percent drop in profits from its strategic mining activities, at Dh260.3 million in FY01.
ONA’s retail operations include the Marjane and Auchan supermarket chains and cooperation with international food giant Danone. The group’s agro-industry units include sugar refinery Cosumar, Lesieur’s edible oils and dairy producter Centrale Laitiere.
ONA is Morocco's largest private company, providing farm, fish, sugar and milk products as well as edible oils to African markets. They export goods and equipment to other African countries and have operations in hypermarkets, mining exploitation, automobile assembly and sales, real estate, holding companies. — (menareport.com)
© 2002 Mena Report (www.menareport.com)