Carthage Cement records 25% revenue increase

Tunisia’s Carthage Cement Co has posted a 25 per cent YoY increase in revenue for the 1Q18, according to the African Manager. This result was achieved despite a halt in production from 15 March for a month, due to a dispute between the subcontracting company (NLS) and a group of workers.

Elsewhere, the company's clinker production increased 126 per cent YoY during the period. This has been attributed to the realisation of its first clinker export contract, which it expects to execute by the 1H18. However, turnover from the company’s cement sector fell 10 per cent on the local market to TND30.45m (US$12.47m).