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Keywords: Profit
Volkswagen's net profit for the first quarter of the year decreased by 40.6 percent, dropping to €2.19 billion ($2.49 billion). Despite this, the company saw a 3 percent increase in revenue, which reached €77.56 billion. The 10-brand conglomerate, which includes Audi, Skoda, and Porsche,......
Al Barid Bank has announced remarkable financial results for the year 2024, with its Group Net Profit reaching MAD 871.38 million ($87.14 million), reflecting a staggering 196% increase compared to 2023. This impressive performance was unveiled during a Supervisory Board meeting on March 28. The bank's......
Sonasid, Morocco’s leading steel manufacturer, has announced a remarkable net profit of MAD 151 million ($15.1 million) for the fiscal year 2024, representing a substantial 91% increase compared to the previous year. This impressive performance marks the best results the company has achieved since......
In a recent meeting chaired by Mr. Lotfi Sekkat, the Board of Directors of CIH Bank convened on two occasions—February 26 and March 11, 2025—to review the bank's performance and consolidated financial results for the year ending December 31, 2024. These results were unveiled on March......
As part of its commitment to fostering social development and digital innovation, the Foundation CDG has announced the launch of DIGIT@CTION, a program aimed at supporting digital social innovation among Moroccan associations. This ambitious initiative seeks to enhance the social impact of the non-profit......
Australia’s Macquarie Dictionary, a leading authority on Australian English, has unveiled its Word of the Year for 2024: enshittification. This slang term, which describes the gradual decline in quality of products or services particularly in the online sphere resonates with widespread concerns......
OpenAI, the innovative company behind the widely popular ChatGPT, has successfully raised $6.6 billion in its latest funding round, elevating its valuation to an impressive $157 billion. This substantial investment comes from notable backers including chip manufacturer Nvidia and Japan's SoftBank,......
In a move that has sparked widespread outcry, Maroc Telecom, the nation's leading telecommunications provider, has slashed profit margins for traders on prepaid cards from 7% to 4.5%. This decision has ignited a firestorm of protests and calls for a boycott from a prominent Moroccan union of traders......