An improvement despite a sluggish demand
Ciments du Maroc posted an increase of 1.1% in H1 2017 sales to MAD2,029m despite a declining market thanks to a significant hike in export volumes compared to 2016. On the other hand, EBITDA stabilized at MAD929m with a margin of 45.8%. Net income has improved to MAD603m on 30/06/2017, an increase of 19.8% impacted by the tax reduction on H1 2017, caused by the depreciation of assets held in Egypt.
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