Morocco’s Flag Carrier Doubles Profits in 2016
This performance is largely ascribed to non-current financial assets which contributed by 129 in the company’s overall profits, local e-journal le360 said quoting a senior official from RAM.
The company’s total turnover totaled 14 billion dirhams, of which operation costs make up 13.5 billion dirhams including 2.1 billion went to staff costs.
After suffering a deficit in 2012, RAM launched a restructuring project to reduce costs and increase competitiveness. Since then it has been posting profits by the end of the fiscal year.