The consolidated net result of “Moroccan Cement” reached 451 million dirhams in the first half of 2023, compared to 482 million dirhams in the first half of last year.
The company explained in a statement that its total turnover increased by 6.7 percent, compared to the previous year, to reach 2.14 billion dirhams in the first half of 2023, adding that this development is due to “the good dynamism of the volumes of clinker and cement that were generated.” “Selling them for export, as well as building materials.”
For its part, the report adds, the raw exploitation surplus amounted to 780 million dirhams, a decrease of 6.1 percent, because it was negatively affected by the significant increase recorded by the inflation rate on operating costs, in addition to the voluntary policy of reducing inventory, highlighting that the national cement market declined by 4 percent. 6 percent until June 30, 2023 compared to the same period last year, and that the performance of Moroccan Cement in terms of the volume of cement sales in the local market is moving in the same direction.
The same source highlighted that the cost of supplying fossil fuels, which are necessary to produce products, recorded a decrease compared to June 30, 2022, a decrease that is expected to continue in the second half of the year, thus compensating for the effects of “inflation that is still ongoing.”
He pointed out that Moroccan Cement has continued its policy aimed at reducing carbon dioxide emissions, through the widespread use of alternative fuels, but also by encouraging the marketing of products that contain a low level of carbon, highlighting that the company remains strongly committed to local communities to contribute to the restoration of Recycling and recovering waste in its factories.