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HomeNewsTunisia: Carthage Cement announces loss of 47 million dinars in H1

Tunisia: Carthage Cement announces loss of 47 million dinars in H1

The company Carthage Cement saw its losses widen in the first half of the current year. After suffering a colossal deficit of 69 million dinars in 2017, the cement company announced a loss of 47.3 million dinars at the end of June against a deficit of 28 million at the same date in 2017.

Despite a significant increase in revenues, the company still cannot redress the balance because of the sharp increase in operating expenses as well as the financial charges that continue to grow.

In fact, the overall turnover of the cement producer rose from 95.8 million dinars at the end of June 2017 to 120.3 million at the end of last June, up 25.6%.

Operating expenses continued the same pace of revenue growth up 38.5% to 138.8 million dinars, including 61 million purchases of supplies consumed and 14.1 million expenses of staff.

For this purpose, the operating result for the period shows a deficit of 18.5 million dinars against -4.4 million at the end of June 2017 and -17.1 million for the whole of 2017.

To this operating deficit are added net financial charges of 26.7 million dinars (+ 14.7%).

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