Strong US dollar drives OCP profits up by two thirds
Published: Monday, 21 September 2015
Favourable foreign exchange conditions combined with increased sales in some regions saw the world’s largest phosphate exporter’s net profit figure surge by 66%.
Morocco-based Office Cherifien de
Phosphate (OCP), reported a 66% increase in profit for the
first half of 2015.
Net profit reached Moroccan dirham (Dh)
3.997bn ($412m*) on the back of a strong US dollar coupled with
increased output during the January to June period.
The company said that the...