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News Carthage Cement makes loss of US$16m in first half of 2018

Carthage Cement makes loss of US$16m in first half of 2018

Written by Global Cement staff 16 November 2018
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Tunisia: Carthage Cement’s loss has grown to US$16.2m in the first half of 2018 compared to US$9.6m in the same period in 2017. The cement producer has managed to increase its revenue but mounting operating costs have outpaced this, according to African Manager. Its turnover grew by 25.6% year-on-year to US$32.9m but operating expenses rose by 38.5% to US$47.6m. A dispute between management and staff also led to a production suspension in the first half of 2018.

A majority stake in the cement producer remains on sale following a call for expressions of interest in early 2018. The latest round of bidding is open until early December 2018.

Last modified on 21 November 2018
Published in Global Cement News
Tagged under
  • Tunisia
  • Carthage Cement
  • Results
  • Sale
  • GCW380

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