Carthage Cement reports TND76m net loss

Tunisian cement producer Carthage Cement Co announced a loss of TND76m (US$26.7m) for the year ended 31 December 2018, compared to a loss of TND69m in the previous year.

The company managed to reduce its operating deficit by nearly TND4m, the net financial charges rose from TND49.4m in 2017 to TND65m at the end of December 2018. Operating expenses increased 32 per cent YoY to 262.9m as consumable purchases rose. Personnel changes remained almost unchanged at TND28.5m.