Tunisia-based cement manufactuer, Carthage Cement, has reported a total revenue of TND421m (US$135m) for 2024, representing a two per cent decline compared to TND429.2m in the previous year. Despite challenging market conditions, the company maintained stable operations, supported by growth in local cement sales.
Cement production increased by three per cent to 1.82Mt, while clinker output rose by one per cent to 1.57Mt. Domestic sales improved by two per cent to TND346m, partially offsetting a decline in export sales, which fell from TND57m to TND40m. The reduction in exports was attributed to a strategic decision to limit clinker sales in response to less favourable market conditions.
The aggregates segment recorded a seven per cent increase in production, with sales rising by six per cent to TND23.8m. However, ready-mix concrete sales declined by 15 per cent to TND10.8m from TND12.7m in 2023.
Carthage Cement’s investment for the year totalled TND21.9m, while debt was reduced by 10 per cent to TND321.6m. The company also reported a bank investment balance of TND40m.
