Declining sales = Cash Problem
Q1 2017 results for Carthage Cement are in decline. Q1 2017 sales decreased by 13.3% due to a 74.4% decline in exports and a slowdown in local demand. In addition, production of clinker is limited to only 156,033 tonnes, a decrease of 62.5% in Q1 2017. Cement production is diminishing by 4.8%. On the other hand, the production of the Ready Mix increased by 9.6% to reach 49,297 tonnes. Regarding the investment spending, Carthage Cement reduced its capex by 35.5% (TND2,376m vs.
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