Marsa Maroc’s activity increases by 27% in the first nine months of this year

The Marsa Maroc group has recorded a growth in its nine ports’ activity, increasing by 27% during the first nine months of this year.

Marsa Maroc stated that the volume of its activity reached 34.7 million tons by the end of September.

According to the financial results published by the company, its branch Tangier Alliance, which began operations at the start of the current year, has processed about 7 million tons.

The high performance of the company is mainly due to the increase in the domestic movement of containers by 18% compared to the same period last year, while the volume of grain and coal recorded a slight decrease of about 1%.

As for the turnover of Marsa Maroc, it recorded a growth of 27% to reach MAD2.6 billion only in the third quarter, while the total turnover has reached MAD908 million, representing an increase of 43% compared to the same period last year.

In terms of the company’s investment by the end of September, it amounted to nearly MAD214 million, compared to MAD275 million recorded in the same period last year. The company’s net debt amounted to about MAD1.3 billion by the end of September.

Previously, ​​the government sold 35% of its stake in the country’s main operator of ports, Marsa Maroc to Tanger Med for MAD5.48 billion.