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Total revenues of the largest investment company in term of market capitalization - PADICO Holding - soared by 21.76% to reach $102.18 million in 2010 compared to $83.92 million in 2009. This was corresponding mainly to a significant growth in the operating revenues which amounted to $55.42 million and grew by 78.66% compared to the previous year. Also the stake of PADICO in the profits of associates increased by 31.85% to reach $38.93 million in 2010, which in turn was due to the remarkable development in the operating revenues of subsidiaries & associates, in which all the companies have added up positively to the revenues of PADICO.
To view full report of Sahem regarding the financial results of 2010 for PADICO, please click here:
Sahem- Flash Result Report (PADICO)