NMH Group Reports Impressive Rs 14.1 Billion Revenue for FY 2023

NMH Group has reported impressive financial results for the fiscal year ending on June 30, 2023.

The company’s revenue surged to Rs 14.1 billion, compared to Rs 8.1 billion in 2022, marking a significant increase.

Profits also saw a substantial rise, reaching Rs 2.3 billion, a stark contrast to the previous year’s Rs 45 million.

Additionally, the EBITDA skyrocketed from Rs 2 billion in 2022 to an impressive Rs 4.7 billion in 2023. NMH CEO, Stéphane Poupinel de Valencé, expressed confidence in sustaining this growth momentum into 2024, allowing for further reduction of the company’s debt, which remains a top priority.

The group foresees factors affecting Q1 2024 results, including the closure of Paradis Beachcomber and ongoing renovations at Canonnier Beachcomber and Shandrani Beachcomber.

Experts have been enlisted to assess potential damages in Marrakech and oversee repair efforts.

Source: Defi Media