CARTHAGE CEMENT has just published its interim financial statements for the year ended June 30, 20008.
These statements show a net profit of 24 million dinars compared to 15.3 million dinars in the previous year, an increase of 57%.
Taking into account the profit for the first half of 2023, the losses carried forward now amount to 270 million dinars.
The company’s management emphasizes that it has drawn up a business plan for the period 2023-2028 which it believes will enable the company to meet its commitments.
In this way, and taking into account the financial performance achieved over the last three financial years and the restructuring plan, the company has been able to overcome the operating and cash flow difficulties it has experienced in previous years.
At the end of June this year, the cement manufacturer achieved total operating revenues of 214.4 million dinars, compared with 175 million dinars in the first half of 2022, an increase of around 22%.
As for operating expenses, they rose from 138.4 million dinars to 165.7 million dinars, an increase of 20%.
As a result, the operating profit for the first half of the year was in surplus at 48.6 million dinars, compared to 36.6 million in the first half of last year, up 32%.
Financial expenses for the period totaled 23.3 million dinars compared to 21 million last year, an increase of approximately 10%.
