Saturday, November 23

Morocco’s OCP says 2015 net profit up 58 pct

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Reuters
by Aziz El Yaakoubi

Morocco

Morocco’s Office Cherifien de Phosphate (OCP), the world’s leading phosphate exporter, posted a 57.8 percent rise in its 2015 net profit to 8.01 billion dirhams ($825.76 million), it said in a statement on Tuesday, thanks to higher output.

Consolidated revenues last year rose to 47.74 billion dirhams from 41.43 billion the year before, company data showed.

(Reporting by Aziz El Yaakoubi; Editing by Mark Potter)

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