SNI, the investment holding company controlled by Morocco's royal family, said its 2010 consolidated earnings were bolstered by a merger and its performance last year was not as rosy as it seemed.
This week's announcement of a surge in consolidated net profit and assets came amid persistent street protests for King Mohammed to give up political powers and reduce his business clout. )
In August SNI and ONA Group, in which SNI already held a majority stake, both delisted from the Casablanca bourse to pave the way for a merger that would see ONA transfer all its assets to SNI.
No comments:
Post a Comment