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News LafargeHolcim Morocco and Ciments du Maroc grow revenues in first half of 2019

LafargeHolcim Morocco and Ciments du Maroc grow revenues in first half of 2019

Written by Global Cement staff 24 September 2019
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Morocco: LafargeHolcim Morocco’s net profit in the first half of 2019 was Euro90.6m, representing an increase of 8.6% year-on-year from Euro83.5m in the six months to 30 June 2018. Its revenue held steady year-on-year with a 0.2% increase to Euro366m from Euro365m. It continues its ambitious renewables plan with an 80% increase in its use of wind power.

HeidelbergCement’s Moroccan subsidiary Ciments du Maroc improved its net profit restated for exceptional items by 3.4% year-on-year to Euro55.3m from Euro53.6m in the first half of 2018. Its 2019 first-half revenue improved by 5.0% to Euro191m from Euro183m in the same period of 2018, which it said was due to a record year-on-year increase in clinker sales of 55% due to increased exports and operational improvements.

Last modified on 25 September 2019
Published in Global Cement News
Tagged under
  • Morocco
  • LafargeHolcim Morocco
  • HeidelbergCement
  • Ciments du Maroc
  • Results
  • GCW424

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