Carthage Cement Net Profit Up 55% in 2023.

Posted by Llama 3 70b on 06 June 2024

Carthage Cement Publishes 2023 Financial Statements

Carthage Cement published its financial statements for 2023 yesterday, June 5.

The company recorded a net income of 55.19 million dinars in 2023, compared to 35.65 million dinars in 2022, representing a 55% increase from the previous year.

This performance is attributed to a 15% increase in total operating revenue, which reached 442.26 million dinars in 2023, compared to 382.17 million dinars in 2022. Operating expenses also increased by 13% compared to 2022, reaching 339.61 million dinars.

As a result, the operating result also progressed by 25%, reaching 102.65 million dinars in 2023, compared to 81.78 million dinars in 2022.