Morocco Cement: 451 million Dirhams in net revenue in the first half of 2023

In contrast to the first half of last year, when the net consolidated result for Cement Morocco was 482 million Dirhams, it was 451 million in the first half of 2023.

The company stated in a communiqué that its total transaction amount was 6.7% higher than the prior year, reaching 2.14 billion Dirhams in the first half of 2023. The company further stated that this development was brought on by “the good dynamic of clinker and cement volumes sold for export, as well as construction materials.”

Cement market fell by 4.6% to 30 June 2023 compared to the same period last year, and Morocco’s cement performance in terms of the volume of cement sales in the domestic market was in the same direction, the communication states. For his part, the surplus of crude exploitation was 780 million Dirhams Economic and Social Council, down by 6.1%, due to a significant increase in inflation over operating costs.

The same source noted that the price of fossil fuels used to create the goods decreased from June 30, 2022 to June 30, 2023, and that this decline is anticipated to continue throughout the second half of the year, counteracting the impacts of “still-persistent inflation.”

Morocco’s cement had continued its policy of cutting carbon dioxide emissions, through the widespread use of alternative fuels, but also by encouraging the marketing of low-carbon products, highlighting that the company remained strongly committed to local communities to participate in recycling and waste recovery in its plants.