The OCP Group achieved a revenue of 43.248 billion dirhams (MDH) in the first half of 2024, marking a 15% increase compared to the same period last year. This performance underscores the group’s resilience in the face of market challenges, capitalizing on strong fundamentals and sustained demand for its products, according to a statement from OCP.
In the second quarter of 2024, OCP delivered a robust financial performance, with revenue rising significantly to 23.660 billion dirhams, up from 19.280 billion dirhams in the same quarter of the previous year.
This 23% growth reflects favorable market conditions, including a significant recovery in demand across several key importing regions and stable phosphate product prices, which bolstered the group’s profitability.
Additionally, OCP intensified its investment efforts in Q2 2024, with capital expenditures reaching 10.452 billion dirhams, up from 6.388 billion dirhams in the same period in 2023.
This increase in investment highlights OCP’s ongoing commitment to enhancing sustainability, contributing to global food security, expanding production capacity, and supporting long-term growth, thereby solidifying its position in the global phosphate market.
