# OCP's first-half net profit affected by its rising cost of debt

> 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.

- Date: 2018-09-08 · published 2018-09-08T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/63349-ocp-s-first-half-net-profit-affected-by-its-rising-cost-of-debt
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

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.

## Read by commodity

- DAP: neutral

## Sources

- en.yabiladi.com: https://en.yabiladi.com/articles/details/68754/ocp-s-first-half-profit-affected-rising.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.