2024-03-16 14:03:43
The company Ciments du Maroc achieved a net profit of 994 million dirhams (MDH) for the 2023 financial year, an increase of 8.3% compared to the previous financial year.
This improvement of 77 MDH in net income is explained by the relative stability of the construction sector, as well as by a growth in the volume of sales in all businesses of Ciments du Maroc, indicates the company in a press release published on the website of Ciments du Maroc. the Moroccan Capital Market Authority (AMMC). It also results from the consolidation of the level of clinker exports from the Aït Baha factory, and the compensation of the inflationary pressures suffered on cost factors by the fall in the price of fossil fuels on the international market.
Taking into account the aforementioned elements, the operational turnover stands at 4.30 billion dirhams (billion dirhams), up 6.4% compared to 2022, while the operating result is up 7.6 % at 1.42 billion dirhams.
Furthermore, self-financing capacity increased by 2.2% to stand at MAD 1.17 billion.
In terms of development, the company foresees positive prospects for the cement market in the coming years, in particular due to the ambitious infrastructure programs underway, as well as the upcoming achievements linked to the organization of the African Nations Championship. 2025 and the 2030 Mootball World Cup.
Regarding dividends, the Board of Directors of Ciments du Maroc will propose to the next General Meeting the distribution of a dividend of 60 dirhams per share for the 2023 financial year.
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