Ciments du Maroc's Export Strategy Mitigates Construction Sector Stagnation
Despite challenges in the construction sector, Ciments du Maroc has managed to increase its sales across all activities, largely due to its bolstered export operations.
Ciments du Maroc has effectively navigated through the stagnation plaguing the construction sector by witnessing a rise in sales across its diversified operations. The company has notably strengthened its clinker exports from the Aït Baha plant, fully offsetting the inflationary impacts on its costs through the reduction of fossil fuel prices on the international market. This strategic maneuver has allowed the firm to report a 6.4% increase in operational revenue compared to the previous year, while its operating income saw a 7.6% rise.
The net profit for the company ascended to 994 million dirhams, marking an 8.3% increase, or a 77 million dirham improvement from the prior year. Furthermore, Ciments du Maroc's self-financing capacity experienced a 2.2% growth, reaching 1.171 billion dirhams. These achievements underscore the company's adept adaptation to market challenges and its reliance on export activities to sustain and enhance its financial health amid a tough economic landscape for the construction industry.
