Ciments du Maroc reports first quarter sales drop in 2020

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Morocco: HeidelbergCement subsidiary Ciments du Maroc made sales of US$88.4m in the first quarter of 2020, down by 9.8% year-on-year from US$100m in the corresponding quarter of 2019. Cement volumes fell by 9.9%. Ciments du Maroc said that it increased its capital expenditure by 43% to US$1.51m from US$824,000.

Last modified on 03 June 2020

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