profits jump 69.8% to 1.21 billion dirhams in 2021

All the lights are green for Ciments du Maroc in 2021. In a context of a cement market up +14.8%, compared to a 2020 financial year strongly impacted by the Covid-19 pandemic, sales volumes of all Ciments du Maroc activities show a significant improvement compared to the previous year. The group thus achieved a consolidated operational turnover of 4.128 billion dirhams, an increase of 11.9%. Consolidated net income jumped 69.8% from 716 million to 1.216 billion. Consolidated operating income, meanwhile, improved by 20%, reaching 1.62 billion dirhams. As for the gross operating surplus, it showed a gain of 4.6% to settle at 1.833 billion DH. With regard to cash flow, it improved by 4.8% to 1.423 billion against 1.358 billion dirhams in 2020. In addition, “the Board notes with satisfaction that the company is continuing to implement its plan of development and strategic investment with the ongoing construction of its grinding center in Nador. This one, which will be operational in July 2022, will make it possible to extend the national presence of the company to the North region”, indicates the cement manufacturer. For the 2021 financial year, the Board will propose to the next General Meeting the distribution of a dividend of 95 dirhams per share.

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