Ciments du Maroc reports 1H turnover down 4%

Ciments du Maroc posted a 1H18 turnover of MAD1.94bn, a 4.2 per cent decrease when compared with the same period in 2016. The sales volume of the company and its subsidiary Indusaha fell 2.6 per cent with domestic demand 2.9 per cent over the period.

The gross operating surplus was MAD1bn, up 9.3 per cent as operating performance improved. Operating income rose faster than EBITDA (+12.5 per cent) to MAD739m. Net profit was down 5.1 per cent to MAD573m.