Ciments du Maroc reports 4% rise in 9M turnover

Ciments du Maroc, the Moroccan subsidiary of HeidelbergCement, has posted a 9M19 turnover of MAD2.67bn, up 3.8 per cent YoY.

For the third quarter of 2019, the company reported revenues of MAD831m, representing a three per cent fall when compared with the 3Q18. The fall is due lower cement sales volumes as construction sites wound down activity in August.

However, turnover is expected to increase by two per cent for the full year of 2019.