Carthage Cement has been able to overcome the operating and cash flow difficulties it has experienced in recent years.
The Cement manufacturer has published its interim financial statements for the period ending June 30, 2024. These statements show a net profit of 35.5 million dinars compared to 24 million dinars in the previous year, representing a growth of 48%.
The cement producer’s half-yearly revenues increased slightly to 216.5 million dinars, compared with 214.4 million dinars at the end of June 2023. On the other hand, operating expenses decreased by 3.6% to 159.7 million dinars.
As a result, operating profit for the period increased by 17% between June 2023 and last June, from 48.6 million dinars to 56.8 million dinars.
In addition, net financial expenses decreased by 15% to 19.7 million dinars compared to 23.3 million dinars in the previous year.
Finally, and taking into account the profit for the first half of 2024, Carthage Cement’s accumulated losses fell to 204 million dinars as of June 30, 2024.
Thus, taking into account the financial performance achieved over the last three years and the restructuring plan, the company has been able to overcome the operating and cash flow difficulties it experienced in previous years.
