Carthage Cement reports 7% rise in 9M revenues

Tunisia-based Carthage Cement saw total turnover increase by seven per cent YoY to TND183m (US$64.6m) in the 9M19 from TND171m in the 9M18, according to African Manager. Turnover in the domestic market advanced 42 per cent YoY, improving the company’s market share to 23 per cent from 17 per cent in the previous-year’s nine-month period.

The cement company increased its clinker and cement production by 11 and 22 per cent, respectively, when compared with the 9M18. However, aggregates output was down by three per cent YoY and sales of the division declined 15 per cent YoY due to the delay in several public construction site. In the ready-mix business sales were down by five per cent in the 9M19 when compared with 2018.