Moroccan miner Managem reports 41 pct jump in 2016 net profit

Thu Mar 16, 2017 7:38am GMT

RABAT, March 16 (Reuters) - Top Moroccan miner Managem reported a 41 percent rise in annual net profit attributable to shareholders to 289 million dirhams ($28.85 million) on Thursday.

Operational improvements and a rebound in metals prices helped lift earnings, it said.

Managem produces gold, silver, cobalt and copper in Morocco and Gabon and is controlled by SNI, the Moroccan royal family's holding company.

(Writing by Aidan Lewis; editing by Jason Neely)

Powered by Reuters AlertNet. AlertNet provides news, images and insight from the world's disasters and conflicts and is brought to you by Reuters Foundation.