Carthage Cement sees 11% fall in 3Q turnover

Tunisia’s Carthage Cement saw its turnover fall by 11 per cent YoY to TND132.4m (US$53.1m) in 3Q17 from TND149m in 3Q16.

The company’s domestic sales remained stable at TND95.437m, leading to a market share of 19 per cent.

In terms of export sales, revenues fell by 77 per cent in the 12 months to 30 September with some sales to Libya. However, the company has not been able to recover in terms of exports to Algeria.

In 9M17 the company has invested TND9m with total debts at TND516.7m.