Les Ciments de Bizerte reports 5% revenue drop in 2022

Revenues of Tunisia-based Les Ciments de Bizerte saw a five per cent decline to TND123.8m (US$40.1m) in 2022 from TND130.8m in 2021.

Domestic revenues edged up by 1.6 per cent YoY to TND112.4m in 2022, but exports were down 43.5 per cent YoY to TND11.4m from TND20.2m.

Clinker production fell 24.2 per cent to 538,150t and 553,883t of cement. The drop in output was attributed to disruptions in raw material supply due to land issues.

The company’s debt stood at TND153.9m on 31 December 2022, up from TND150.2m on 31 December 2021.