Thanks H1!
Carthage Cement disclosed its Q4 2016 trading statements: it is the worst quarter in 2016.Carthage Cement’s Q4 2016 sales decreased by 15%, compared to Q4 2015, to reach TND48.41m.
The revenues generated from CC’s exporting activities dropped by 49% during Q4 2016, representing a negative growth rate of -14% over 2016 to reach TND22.17m.
The annual sales of Clinker increased by 26% to TND5.44m.
As for the ready mix, it continued its downward trend and dropped by 13%, yoy, pulling down the annual revenues by 10% to TND129.47m.
CC’s capex amounted to TND19.71m in 2016, of which TND4.63m in the last quarter.
Despite the gloomy situation prevailing the local market (-4%), Carthage Cement closed the FY’16 with a growth rate of 7% due to an exceptional H1.
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