Holcim Maroc first-half net profit rises 22 per cent

Holcim Maroc first-half net profit rises 22 per cent
Published: 24 September 2007

The Moroccan unit of Holcim said on Friday first-half net profit rose 22 per cent as new housing, tourism
and infrastructure projects reinforced demand for its products.  

Net income grew to MOD265.7m (US$33m) from MOD218.3m a year earlier,  Holcim Maroc said in a statement. Operating profit rose 21 per cent to MOD357m and turnover grew 22 per cent to MOD1.16bn.  

Morocco is upgrading and expanding roads and ports, improving housing for its population and building
hotels and holiday homes to cater to a fast-growing tourism industry.  

To meet the new demand, the company opened a new cement factory at Settat near the economic capital,
Casablanca, in July.