ONCF turnover exceeds MAD 2 billion in H1-2022

ONCF turnover exceeds MAD 2 billion in H1-2022
Friday 2 September 2022 - 13:40

The consolidated turnover of the National Railways Office (ONCF) reached MAD 2.099 billion in the first half of 2022, up by 19% compared to the same period in 2021, said the office in its latest financial indicators.

Regarding ONCF’s overall turnover, it reached MAD 997 million in the second quarter of 2022, a rise of 25% compared to the same period of 2021, added the same source.

The net debt has stabilized at MAD 44 billion, as part of the investment program 2019-2025, further stated the same source.

The passenger turnover of the second quarter of 2022 reached MAD 486 million (+51%) compared to the same period of 2021.

This change is driven by the revival of the passenger activity, especially during the summer period, added ONCF.

The turnover of goods amounted to MAD 457 million during the second quarter of 2022, remaining almost stable compared to the same period last year, according to the same source.

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