OCP Group’s turnover scores 18.5% increase in first half of 2021

Morocco’s OCP Group, the world leader in the fertilizers market, posted sales of 32.5 billion dirhams, in the first half of 2021, up 18.5% compared to the same period last year when sales amounted to 27.4 billion dirhams.

 

In the second quarter of 2021, the turnover reached 18.19 billion dirhams, compared to MAD 15.13 billion in Q2-2020, the group announced in a statement on its quarterly results.

 

“This performance is supported by higher selling prices compared to the second quarter of the previous year,” explained the Group.

 

Investment spending on industrial development reached 2.55 billion dirhams in the second quarter of 2021, compared to 2.96 billion in the same period of the previous year.

 

Capital expenditure in the first half of the year reached 4.3 billion dirhams, down 15.45% from the same period last year.