Cosumar: Turnover improved by 5.1% in 2020

The Cosumar Group saw its consolidated turnover amount to more than 8.63 billion dirhams (billion dirhams) at the end of December 2020, up 5.1% compared to 2019.

In a financial press release, Cosumar indicates that “this improvement is driven by the increase in exported volumes by seizing the opportunities that arose, which offset the decline recorded on the local market, as well as export sales. recorded a volume of 647 kilotons (Kt) against 518 Kt at the end of 2019 ”.

The same source specifies that for the fourth quarter of 2020, the consolidated turnover amounted to nearly 2.19 billion dirhams, adds the same source. Net debt stands at MAD 1.61 billion, up by MAD 528 million (MDH) compared to 2019.

This development, notes Cosumar, is mainly explained by “the delay in reimbursement of the compensation fund at the end of December 2020”.

The investments recorded amounted to MAD 465 million at the end of 2020. These mainly concern the continuation of upgrades and maintenance of the industrial tool.

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