CMT: Turnover down 17% at the end of September

The turnover of the Compagnie Minière de Touissit (CMT) stood at the end of September at 256 million dirhams (MDH), down 17% compared to the same period of 2020.

In a press release on its quarterly indicators, CMT indicates that this decline is “due solely to the delay of a shipment scheduled for the end of September but carried out in October”.

For the third quarter of 2021, CMT’s turnover is down 45% compared to Q3-2020, to stand at 66 million dirhams.

The investment during the period July-September amounted to 24 million dirhams, against 4 million dirhams in the same period of 2020, mainly relating to research and development work for the new well. Since the start of the year, the investment amount has stood at MAD 60 million (-30%).

Regarding the debt, it amounted to 385 MDH at the end of September 2021, an increase of 115%, which is explained, according to the press release, by the bond loan of 250 MDH contracted during the 1st half year and repayment of the EBRD loan intended for the development of the new well.



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