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Morocco's OCP reported first-half 2018 net profit down 18.5% as debt servicing costs rose, while revenue climbed 15% on stronger fertilizer and phosphoric acid demand. EBITDA margin improved.
Higher debt costs at the world's largest phosphate producer do not change near-term output, so the effect on phosphate supply and prices is limited.
en.yabiladi.comLa rédactionSep 8, 2018Not 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.
