Colorado, a leading company in its sector, recorded a turnover of 281.7 million dirhams (MDH) in the first half of 2024, marking a 5.1% decrease compared to the same period in 2023. According to the company’s quarterly report, the total tonnage sold by the end of June 2024 was 26,000 tons, down by 3.2% from the 26,900 tons sold by the end of June 2023.
Despite this decline in sales, Colorado saw a positive shift in production, with the total tonnage produced reaching 25,800 tons by the end of June 2024. This represents a 3.3% increase compared to the same period last year.
Regarding financial health, the company’s net debt stood at 8.1 MDH at the end of June 2024, down from 12.8 MDH at the close of 2023. This debt primarily includes medium-term obligations. Consequently, Colorado’s debt ratio remains low, accounting for just 2.8% of equity, excluding current earnings.
In terms of investments, Colorado made net investments amounting to 2.8 MDH during the first half of 2024. These investments were primarily directed towards acquiring new equipment and tools, as well as construction improvements.
