[ad_1]
Published on
29.11.2018 at 23:18
by
APA
The OCP group has completed the third quarter on a strong growth of its activity with a turnover that reached nearly 1.35 billion euros (14.5 billion DH) against 1.2 billion euros ( 12.8 billion) a year ago, announced Thursday the Group.On the first nine months of the year, the activity has generated an overall turnover of 41.1 billion DH (1 euro = 10.7 DH), marking an increase of 14% compared to the same period of last year.
This is due, among other things, to a 23% increase in fertilizer sales and 15% in acid, thanks to higher prices in both segments, the group said. As a result, exports to most regions have improved, particularly to the Asian and US markets.
In the first nine months, the gross margin stood at 27.7 billion dirhams against 23.5 billion dirhams a year earlier. EBITDA, for its part, reached 12.8 billion dirhams, marking an increase of 27%.
As a reminder, the OCP spent 7.2 billion DH in investment spending at the end of September. In fact, the group's fourth fertilizer unit in Jorf Lasfar entered the production phase after its launch in April.
[ad_2]
Source link
