SNEP: Indicators up at the end of September

The National Electrolysis and Petrochemical Company (SNEP) recorded rising indicators during the first nine months of the year. At the end of September, turnover reached 845 million dirhams, up 10.2% year-on-year.

In the third quarter alone, turnover amounted to 221.4 million dirhams, down 11.3%. Over this period, the performance of the electrolysis activity continued the momentum of the previous quarter, while the vinyl activity declined due to the fall in demand and selling prices.

In the third quarter, SNEP’s investments amounted to 19.2 million DH. In addition, debt increased by 25.8% to 373.9 million dirhams, due to investment expenditure and the restocking of vinyl products.

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