(Ecofin Agency) – In Morocco, the Office Cherifien des Phosphates (OCP) achieved a good financial performance in its first half of 2022, which ended on June 30. While turnover increased by 72% to 56 billion dirhams ($5.8 billion), EBITDA amounted to $2.9 billion against $1.4 billion a year earlier at the same period.
According to the group, the increase in financial indicators is explained by the rise in fertilizer prices over the first six months of the year against a backdrop of rising natural gas prices linked to the Russian-Ukrainian conflict and a drop in shipments to the market from China.
This improvement in the first half bodes well for another record financial year for OCP, which had already recorded a good performance in 2021.
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