While Al Karama Holding started the process of disposing of the public shareholdings in Carthage Cement, it has just published its interim financial statements as at 30 June 2017, showing a net loss for the period of 27.98 million of dinars against a deficit of 8.68 million on the same date in 2016.
The cement manufacturer saw total revenues decrease by 20.3% in the first half of the year to 95.8 million dinars against 120.25 million a year earlier.
Operating expenses amounted to 100.2 million dinars, compared to 113.3 million at the end of June 2016, a decline of 11.6%.
The operating result for the period thus stands at 4.4 million dinars against a surplus of 6.9 million dinars a year earlier.
In addition, net financial expenses in the first half were virtually stable at 23.25 million dinars.