Morocco’s CIMAR sees turnover increase

In the third quarter 2015, Moroccan cement company Ciments du Maroc (CIMAR), which is owned by Italcementi Group, reported a 1.8% increase in turnover to MAD 823mn (€76.5 million/US$82.38 million), compared with the same period a year earlier. This performance can be attributed to a 39.4% increase in sales of ready-to-use concrete and a 21.1% increase in aggregates. Cement prices were also up.
November 19, 2015 Read time: 1 min

In the third quarter 2015, Moroccan cement company Ciments du Maroc (CIMAR), which is owned by Italcementi Group, reported a 1.8% increase in turnover to MAD 823mn (€76.5 million/US$82.38 million), compared with the same period a year earlier.

This performance can be attributed to a 39.4% increase in sales of ready-to-use concrete and a 21.1% increase in aggregates. Cement prices were also up.

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July 31, 2015

Morocco: Cimar turnover up 7.6% in H1 2015

In the first half of 2015, turnover for the Moroccan cement group Ciments du Maroc (Cimar) was up 7.6%, compared with the same period in 2014, to MAD 1.93 billion (€178.90 million/US$196.39 million), despite a 1.3% decline in national consumption.

The performance is being attributed to good sales in the Doukkala-Abda region, which is currently carrying out the construction of the Safi-El Jadida motorway and Safi port.

Consolidated net profit was up 10% to MAD 501 million.

Gross operating income was

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