# Amid Unfavorable Sector Fundamentals, OCP Reported Sustained Profitability Levels

> OCP's full-year 2016 results showed revenue down 11% to MAD 42.5 billion (US$4.3 billion) as fertilizer prices fell 23% amid a glut linked to high Chinese exports. EBITDA fell to US$1.3 billion and the EBITDA margin dropped to 30%, while the specialty products segment grew 45%. Management said the phosphate market is hitting the bottom of the cycle and that prices rose at the end of 2016.

- Date: 2017-03-24 · published 2017-03-24T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/72313-amid-unfavorable-sector-fundamentals-ocp-reported-sustained-profitability-levels
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Persistent oversupply from Chinese exports has pressured phosphate prices, but signs of a bottom and firmer import demand point to a possible modest recovery in DAP costs.

## Read by commodity

- DAP: bullish ▲

## Sources

- egypt-today.com: https://www.egypt-today.com/en/83/amid-unfavorable-sector-fundamentals-ocp-reported-sustained-profitability-levels-133746
- moroccoworldnews.com: https://www.moroccoworldnews.com/2017/03/101006/amid-unfavorable-sector-fundamentals-ocp-reported-sustained-profitability-levels/

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