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LafargeHolcim: Decline in turnover

The cement group LafargeHolcim Morocco posted a turnover of 1.9 billion dirhams during the third quarter of 2019, down 1% compared to the same period last year.

Thus, the consolidated turnover stood at nearly 5.8 billion dirhams at the end of September, a slight decrease compared to the previous year, says the group that has just published its quarterly indicators, noting that the evolution Favorable cement activity in a 1.8% growth in the domestic market was dampened by the decline in sales of certain activities, notably clinker export and trading.

In addition, net debt amounted to 7.55 billion dirhams at the end of the first nine months of 2019, marking a rise of 3% year-on-year, adds LafargeHolcim Morocco, which attributes this variation to the financing of the new plant in Agadir.

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