Carthage Cement reports domestic sales up 8%

Tunisia’s Carthage Cement has seen its domestic sales rise to TND33.97m (US$13.6m) in 1Q17, up eight per cent YoY. However, the import ban by Algeria has seen the company’s exports to the neighbouring country temporarily suspended, resulting in a 74 per cent drop in cement exports to TND2.2m.

The company's overall sales at the end of March decreased by 13 per cent to TND46.3m compared to TND53.4m in the 1Q16.

Carthage’s cement production fell by five per cent YoY while clinker production was halted in February-March to reduce stock levels.

Investments were down 35 per cent to TND2.376bn at the end of March, but the company’s overall debt stabilised at TND511m.