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For the six months ended 30 June 2015, Marocaine de l'Industrie du Raffinage SA revenues decreased 49% to MAD12.49B. Net loss totaled MAD3.45B vs. income of MAD249M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Other Income - Operating increase from MAD1.83B (income) to MAD262M (expense), Other Financial Expenses increase from MAD7M to MAD1.05B (expense).
Period Ending: | Jun 30, 2015 | Dec 31, 2014 | Jun 30, 2014 | Dec 31, 2013 |
---|---|---|---|---|
Total Revenue | 12487 | 19726 | 24574 | 26582 |
Gross Profit | -10 | 1464 | -1116 | -59 |
Operating Income | -1318 | -3933 | 695 | -692 |
Net Income | -3454 | -2814 | 249 | -588 |
Period Ending: | Jun 30, 2015 | Dec 31, 2014 | Jun 30, 2014 | Dec 31, 2013 |
---|---|---|---|---|
Total Assets | 41379 | 42808 | 43377 | 48003 |
Total Liabilities | 37819 | 35791 | 37000 | 38514 |
Total Equity | 3560 | 7017 | 6377 | 9489 |
Period Ending: | Jun 30, 2015 | Dec 31, 2014 | Jun 30, 2014 | Dec 31, 2013 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 6 Months | 12 Months |
Cash From Operating Activities | -1210 | 799 | ||
Cash From Investing Activities | -595 | -2352 | ||
Cash From Financing Activities | -79 | 807 | ||
Net Change in Cash | -1884 | -746 |
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