Home / Finance & Economy / OCP: turnover up 14% in september

OCP: turnover up 14% in september

The OCP group closed the third quarter on a strong growth of its activity. The turnover over this period reached 14.5 Billion MAD against 12.8 Billion a year earlier. Over the first nine months of the year, the activity generated an overall turnover of 41.1 Billion dirhams, 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 a year earlier. It should be noted that the OCP spent 7.2 Billion MAD on investment expenditure 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.

Check Also

Fitch Ratings maintains Morocco’s “BB+” rating

The American rating agency Fitch Ratings has maintained its default rating for Morocco’s long-term foreign …

Leave a Reply