Société les Ciments de Bizerte’s local sales fell by 77.43% in the third quarter of 2024 compared with the same period in 2023, to 5,271172 dinars in 2024, according to its business indicators for the third quarter of 2024, published on the Tunis Stock Exchange website.
This decrease is mainly due to the total cessation of clinker production during this period. Similarly, the total turnover of Société Les Ciments de Bizerte fell in the third quarter of 2024 due to the total absence of exports.
The activity of discharging petcoke from ships generated revenues of TND 1,204,906 before tax during this period, following the discharge of petcoke from six ships for a total of 100,400 tons.
Clinker production was suspended during the whole of the third quarter due to the lack of fuel, namely petroleum coke, the only possible source of energy for the operation of the kiln, after the company’s financial difficulties prevented it from importing this material.
CIMENTS DE BIZERTE’s cement production in the third quarter of 2024 totaled 16,796 tons, 75,020 tons less than in the same period of 2023. Lime production also fell by 68.03%, or 734 tons, compared with the same period in 2023. This decline is due to the lack of demand for lime on the national market and in the sector.
As a result of the company’s ongoing financial crisis, it has not been able to meet its commitments to suppliers or its bank debts.
At the end of the 3rd quarter of 2024, the company’s total bank debt had increased by TND 5,724,183 compared to December 31, 2023 due to the accumulation of interest on late payments and rescheduling. Operating loans have also increased by TND 5,265,635 due to the accumulation of interest on arrears and rescheduling.
Société Les Ciments de Bizerte is a public company in the form of a public limited company with a share capital of TND 14,598,283, of which the State holds 99.52% and the private sector 0.48%.
