Weaker prices hit OCP's earnings; fertilizer revenues bring some relief

摘要

OCP SA reported a 38 percent drop in third-quarter 2016 EBITDA, to MAD3,254 million ($334million) on revenues of MAD 10,317 million ($ 1.05 billion), down from the year-ago MAD5,289 million ($541million) and MAD13,242 million ($1.3 billion), respectively. Nine-month EBITDA came in 34 percent lower year-on-year at MAD9,170 million ($940 million) on revenues of MAD31,973 million ($3.3 billion), down from the previous year's MAD 13,923 million ($1.4 billion) and MAD37,137 million ($3.8 billion), respectively. Nine-month gross profit dropped 17 percent, to MAD21,544 million ($2.2 billion) from the year-ago MAD25,905 million ($2.6 billion).