OCP reports earnings for second quarter 2020

 

Casablanca, Morocco, August 28, 2020 - OCP S.A. (“OCP” or the “Company”), a global leader in the fertilizer industry, today reported results for the second quarter of 2020. OCP Group will report its detailed first half results and interim financial report during September 2020.

 

Key indicators

 

(In millions of dirhams) 

  1H - 2020  

  1H - 2019  

  2Q - 2020  

  2Q - 2019  

 

Revenues

  27 403   27 582   15 133   15 061

Capital expenditures

  5 087   5 856   2 962   3 604

 

 

Second quarter 2020 financial results 

 

For the second quarter of 2020, revenues reached MAD 15,133 million, up slightly compared with MAD 15,061 million in the same quarter of 2019. This performance is mainly supported by higher sales volumes despite the current pandemic context and the challenging market conditions over the quarter compared to the same period last year.

Investment expenditure for industrial development was MAD 2,962 million in the second quarter of 2020, compared to MAD 3,604 million in the year-ago period.

 

Contact
Mrs Ghita Laraki, Head of Investor Relations
G.laraki@ocpgroup.ma

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