Office Cherifien des Phosphates Q3 EBITDA up by 13.7%

By James Sean Dickson
Published: Thursday, 04 December 2014

OCP is expecting y-o-y EBTIDA growth for 2014, following a disappointing set of half year results, as vertical integration measures take effect and the company’s new slurry transport pipeline reduces logistics costs and increases capacity.

Morocco-based state company Office Cherifien des Phosphates (OCP) has reported a 13.7% year-on-year (y-o-y) rise in EBITDA* for Q3 2014, to Moroccan dirham (Dh) 3.9bn ($440.4m*), in an improvement over its H1 2014 results.

"We maintained our position as a low cost producer during the third...

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