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HomeNewsTunisia: Carthage Cement improves its turnover by 26% at end of June

Tunisia: Carthage Cement improves its turnover by 26% at end of June

Carthage Cement posted a 26% increase in its turnover at the end of the first half of 2018, compared to the same period of 2017, rising from 89 MD in 2017 to 113 MD in 2018.

Revenues from the export of clinker totaled more than 32 MD at the end of the first half of 2018 and filled the cessation of cement exports to the Algerian market.

On the local market and at June 30, 2018, Carthage Cement posted a slight decrease of 6% compared to June 30, 2017 after the sale of cement on that market was stopped for a month as a result of a social incident that occurred at the sub-contracting company that produces the cement..

These achievements have enabled Carthage Cement to increase its total market share (local and export) to more than 21% at June 30, 2018 against 18% for the same period of the previous year.

Aggregate activity showed an upward trend with a 12% increase in its turnover, rising from 11 MD at June 30, 2017 to more than 13 MD at June 30, 2018.

At June 30, 2018, the activity, like the sector, recorded a decrease in its turnover by 29% compared to the same period of the previous year.

In addition, total indebtedness at 30/06/2018 stabilized at almost the same level as at 31/12/2017, amounting to 538 MD.

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