Europe

Profits down 24.6% to 917 MDH in 2022

ProDentim

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The activity of Moroccan cements was strongly impacted by a described context inducing a slowdown in the construction which increased during the second half of 2022. However, the cement worker was able to reduce its losses by focusing on its clinker export activity and by partially passing on the increase in inputs to its selling price.

Consequence: the decrease in turnover consolidated is kept under control at -2.1% to settle at 4.043 billion DH, indicates the cement worker in a financial statement. As for the consolidated gross operating surplus, it fell by 13.4% to 1.587 billion DH, weighed down by the strong growth in production costs. Net income stands at 917 million dirhams, down 24.6%. . Regarding the group’s cash flow, it shows a decline of 19.5% to 1.146 billion dirhams. Note that for the 2022 financial year, Moroccan cements will propose to the next general meeting the distribution of a dividend of 60 DH per share.

Furthermore, “as part of its sustainable development policy, and in line with its program to reduce emissions of carbon dioxidethe company continued its plan to maximize the use of alternative fuels and promotion of low carbon materials. This program complements many sustainable actions adapted to local communities,” says the group. In terms of outlook, the cement manufacturer intends to continue implementing its development and strategic investment plan with the finalization of its grinding center A Nador enabling it to extend its national presence in the northern and eastern regions.

Read also: Ciments du Maroc relaunch its new grinding center in Nador



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