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OCP Group published a statement reporting Q1 2023 revenue of 18.2 billion MAD, a drop of nearly 7 billion MAD from Q1 2022. The decline was driven by both lower prices and lower volumes across segments, and EBITDA fell from over 11.6 billion MAD to 4.6 billion MAD.
The company blamed an unusually high price spike in early 2022 and noted revenue was up 28% versus Q1 2021.
Falling phosphate prices and volumes at the world's largest phosphate exporter signal softer fertilizer costs ahead for buyers.
barlamantoday.comAmina ElghoubachiMay 30, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
