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Tuesday 15 June 2021
HomeNewsTunisia: Carthage Cement suffers half-yearly loss of 28 million dinars

Tunisia: Carthage Cement suffers half-yearly loss of 28 million dinars

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.

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