Ciments du Maroc profits at $92.8m

Ciments du Maroc profits at $92.8m
Published: 26 March 2004

Moroccan cement company Ciments du Maroc saw its operating profit rise by more than 32 per cent year-on-year in 2003 to reach 827 mln Moroccan dirhams (US$92.8) the company’s chairman and managing director, Mohamed Chaibi, told a news conference, held in the kingdom’s economic capital Casablanca on March 24, 2004.  Ciments du Maroc, which is a subsidiary of Italian cement manufacturer Italcementi Group, posted a net profit of 556 mln dirhams (US$62.4m), an increase of over 35.9 per cent on a turnover of 1.875 bln dirhams (US$210.4m, up by over 11 per cent Chaibi specified.  The company’s consolidated turnover, including the Dubbed Indusaha grinding plant established in 2001 in the capital of the disputed Western Sahara territory Laayoune, stood at 1.977 bln dirhams (US$221.8m) Chaibi added.