Sugar campaign: A progress rate of 83% by the end of June 2024

Hibapress

The sugar campaign recorded a progress rate of 83% at the end of June 2024, compared to 62% during the same period a year earlier, indicates the Cosumar group.

“The 2024 harvest campaign took place under satisfactory operational conditions despite the water deficit. The strong mobilization of all agricultural partners, the support of the upstream agricultural team in the field and the support of the central and regional administration made it possible to partially mitigate the effects of the difficult climatic conditions,” the group said in a press release.

Concerning the consolidated turnover (CA) for the first half of 2024, it reached more than 4.98 billion dirhams (MMDH), an increase of 0.5% compared to the same period of the previous year, thanks to the increase in sugar sales on the national market.

Cosumar also specifies that its net debt recorded, at the end of last June, an improvement compared to the end of December 2023, to stand at 1.06 billion dirhams.

The investments recorded for S1-2024 were 88 MDH, mainly relating to the continuation of upgrade and maintenance work on the industrial tool.