Financials & Economy

According to the company, the setback was largely driven by significantly weaker earnings in its Energy and Ag segments.

The ICP issuance was met with robust market interest and was oversubscribed by 1.4 times, a clear indication of investor confidence.

The Group’s gross profit surged 25.8% year-on-year to US$266.2 million, supported by cost efficiencies, strategic acquisitions.

A major milestone was the acquisition of a 60% stake in Graderco, a leading grain and cereal trading firm in Morocco.

The company has secured approximately US$11 million in debtor-in-possession financing to support its operations.