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Morocco Royal Holding's Net surges 50 Pct in 2011

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2012-634688787044722249-472An investment holding firm controlled by Morocco's royal family on Saturday posted a 50 percent rise in its net profit helped mostly by higher earnings from banking, mining, steel and sugar affiliates active mostly in the domestic market.

National Investment Co., or SNI, made a net consolidated profit of 4.3 billion dirhams in 2011 versus 2.9 billion dirhams in 2010 in comparable terms, showed financial statements published in pro-establishment newspaper Le Matin.

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