Mining

Local market strongly supports slump in export sales of Tunisian Ciments de Bizerte

Thursday, 23 July 2015 08:52

The foreign sales of the Tunisian company Ciments de Bizerte fell by nearly 95%, in an environment marked by fluctuations in demand on the Algerian market, and almost zero sales on a Libyan market facing socio-political turmoil. Despite this situation, sales in Tunisia have sustained operations during the first quarter 2015.

Revenues are at 26.3 million dinars, an increase of 10.7% compared to 23.7 million dinars for the same period in 2014. The cement manufacturer has therefore decided to speed up the establishment of infrastructure for sales abroad by sea freight. In line with this, the second quarter 2015 has been characterised by the beginning of civil engineering works for the upgrade of installations in order to give the company an efficient loading and unloading dock.

Current liabilities still remain a source of concern for the company. By end June 2015, the total indebtedness reached 100 million dinars versus 73.4 million dinars by end December 2014. In addition to this, there are the 12.1 million dinars of short-term loans.

On the Tunis stock exchange, the value of Ciments de Bizerte has declined on 22 July 2015, but in a barely significant trading volume. Even if some investors of the Tunisian marketplace remain optimist, Ciments de Bizerte posts a capital loss of 28% since 1st January 2015.

The direct competitor Carthage Cement, appears in better health with a share value increasing by 1.8% as of 22 July 2015.

On the same topic
Ethiopia signs roadmap with Russia’s Rosatom to develop civil nuclear sector Partnership aims to reduce reliance on hydropower, which dominates...
Senegal and Nigeria deepen cooperation on gas, refining, and energy policy Talks build on existing regional frameworks like the West African Power...
Renewables reach 49% of global electricity capacity in 2026 Record growth led by solar and wind additions Expansion concentrated in major economies,...
Mulilo to invest $884 million in South Africa energy projects Funding will add 716 MW via solar plants and storage Projects aim to improve power...
Most Read
01

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
02

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
03

ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...

ECOWAS and IMF Set New Framework to Align Policies Across West Africa
04

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
05

West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...

BOAD Targets $11.5 Billion Investment in WAEMU by 2030 Under New ‘Djoliba’ Plan
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.