TUNIS, (TAP) - The turnover of "Carthage Cement" Company reached 14.5 million dinars (MTD) to June 30, 2011, i.e. a 38% growth compared to the same period of 2010 10.6 (MTD). Debt of the company stood at 169.5 MTD to June 30.
Speaking at the annual ordinary general assembly of Carthage Cement held on Thursday in Tunis, Mehdi Bousnina, Director of Management Control at the Company said the production of aggregates at the quarry of Djebel Ressas rose by 19% in the first six months of 2011 compared to 2010, increasing from 1,435,111 tons to 1,710,411 tons.
Sales of aggregates rose by 6.8% in the same period despite a slight decline (-2.6%) recorded in the first quarter.
Mr. Bousnina also said that "prices of securities of Carthage Cement have increased since May," explaining the decline recorded from January to April "by the large number of investors who pulled out from the company.
These investors had entered the company because of their relationship with Belhassen Trabelsi, brother of Leila Trabelsi, wife of the ousted President," he specified.
Regarding to shares held by Belhassen Trabelsi (15% indirectly) in the said company, Mr. Hatem Garbouj, administrator of Carthage Cement said they are currently frozen (from the month of February) and that the State has not taken any decision on this matter.
Mr. Moncef Boussannouga, Auditor said the financial statements of Carthage Cement are "regular and reliable", pointing out that the financial performance and cash flow "comply with the accounting system of businesses in force in Tunisia."
© Tunis-Afrique Presse 2011
