Tunisia: Carthage Cement reports positive 2016

Tunisia's Carthage Cement saw its revenues increase seven per cent YoY from TND184.2m (US$80.7m) to TND197.4m in 2016.

Domestic sales advanced 13 per cent from TND114.7m to TND126.4m. The company’s market share is estimated at around 19 per cent, up from 16.8 per cent in 2015.

Exports reached TND22.175m with Carthage Cement accounting for a 17.8 per cent market share. Cement production rose by nine per cent when compared with 2015.

However, the company’s ready-mix turnover saw its turnover fall by 10 per cent in 2016 as the real estate sector is at a low.