2024-03-03 16:48:57
The turnover (CA) of the OCP Group, world leader in the fertilizer market, stood at more than 30.24 billion dirhams (MMDH) in the fourth quarter of 2023, an increase of 21% compared to the same period a year earlier.
This performance was supported by an improvement in market conditions, which resulted in a recovery in demand in several main importing regions, explains the group in a press release published on the website of the Moroccan Capital Market Authority (AMMC). ). Over the entire year 2023, turnover stood at MAD 91.27 billion, down compared to an exceptional year 2022, marked by record prices for phosphate products. Compared to the same period of 2021, turnover recorded an increase of 8%.
Furthermore, the group announces that it is continuing its investment efforts for industrial development, with expenses reaching nearly MAD 9 billion in Q4-2023, compared to MAD 4.78 billion in the same period of the previous year.
Investment spending exceeded MAD 26.82 billion at the end of 2023, compared to MAD 20 billion made in 2022.
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