Thursday, 26 March 2009

Brasseries du Maroc

Brasseries du Maroc is a Morocco-based company engaged in the beverage industry. It is specialized in the production and distribution of beer and a range of fizzy drinks. The stock trading on a 2008 PER of 17x with a yield of 5.9%.

Brasseries du Maroc just reported a 6% rise in sales to MD 2.09bn and operating profit up 11% at MD 494m. The company is bravely increasing its dividend by 23% on flat Profit after tax, the equivalent to a 100% payout ratio.

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