Home Finance & Business Ciments du Maroc reports 2 billion dirhams in consolidated revenue for H1...

Ciments du Maroc reports 2 billion dirhams in consolidated revenue for H1 2024

Ciments du Maroc achieved a consolidated revenue of nearly 2 billion dirhams (MMDH) during the first six months of 2024. However, the non-consolidated and unaudited revenue reached 1.78 billion dirhams by the end of June, reflecting a 4.9% decline compared to the same period last year. This decrease is primarily attributed to the shift in activity slowdown linked to Eid Al-Adha, which varied year over year, according to a statement from Ciments du Maroc.

Investment in the second quarter of 2024 totaled 18 million dirhams (MDH), representing a 21% increase compared to the end of June 2023. These investments include both routine and strategic expenditures.

The company’s financial debt, mainly consisting of bank overdrafts, stood at 36 billion dirhams.

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