The OCP group unveiled its first half results this Wednesday, September 18th. At the end of June, sales reached 27.5 billion dirhams, up 4% year-on-year. This performance is due in particular to the growth in volumes and prices for phosphoric acid.
EBITDA (Earnings before interest, taxes, depreciation, and amortization) amounted to 8.4 billion dirhams against 8 billion dirhams a year earlier, resulting in an improvement in the EBITDA margin to 31 percent from 30 percent a year earlier. Over the same period, the gross margin reached 17.8 billion dirhams against 17.02 billion dirhams at the end of June 2018. On the other hand, operating profit was down, standing at 3.8 billion dirhams against 4.1 billion dirhams at the end of June 2018.
In this context, net income group share amounted to MAD 2.05 billion against MAD 1.88 billion a year earlier. Note that the financial debt is MAD 39 billion.