Port operations: Marsa Maroc improves its turnover in 2023

Hibapress

The port operator Marsa Maroc improved its net profit, group share (RNPG) by 4.3% for the 2023 financial year, to stand at 852 million dirhams (MDH).

In consolidation, the net profit crossed, for the first time, the threshold of one billion dirhams (1.005 billion dirhams), up 6.5% compared to 2022, indicates the Group in a financial press release as of December 31, 2023. .

Furthermore, the consolidated turnover of Marsa Maroc reached MAD 4.32 billion, an increase of 9.4% compared to 2022, thanks to the increase in traffic volumes handled by the Group during 2023, which showed a clear increase of 13% to 56.9 million tonnes.

This development is driven by the increase in container traffic, which recorded a jump of 37% for the transhipment segment (to 1.5 million TEUs) and 11% for the import-export segment (to 1.1 million TEU).

Furthermore, the operating profit stood at MAD 1.55 billion, an increase of 14.1% compared to 2022. This improvement is explained by the growth in turnover combined with control operating expenses.

In terms of prospects, the Marsa Maroc Group estimates that transshipment, which represents nearly 25% of the Group’s turnover in 2023, continues to offer growth potential for the coming years.

In order to support the development of Moroccan economic operators, the Group will begin infrastructure work in 2024 with the aim of strengthening the competitiveness of its port facilities at the ports of Casablanca and Jorf Lasfar.

At the same time, with a view to continuously improving its operational performance, the Group is maintaining its investments in handling equipment and plans an envelope over the next five years (2024-2028) of 2.4 billion dirhams.

Concerning dividends, the management board proposes to submit for approval to the Ordinary General Meeting the distribution of a dividend of 8.5 dirhams per share for the year 2023.