Carthage Cement sees revenues up 3% in 1Q19

Tunisia-based Carthage Cement has reported a three per cent increase in revenues for the first quarter of 2019. Revenues were up to TND59.771m (US$19.889m) from TND54.862m.

The company’s clinker and cement output expanded 10 and 26 per cent, respectively when compared with the 1Q18.

However, clinker exports were down YoY to TND8.5m due to disruption at the ports, which led to deliveries being postponed from March to April 2019.

In aggregates production increased by three per cent YoY but revenues fell by five per cent due to weather effects. Ready-mix fell slightly due to a low in the real estate market.

By the end of the quarter, the company had invested TND2.682m, representing a rise of 35 per cent YoY. Total debt reached TND518m.