Ciments de Bizerte upbeat about 2010 prospects

Markets & trade

Ciments de Bizerte upbeat about 2010 prospects

14 December, 2020

SHARE THIS ARTICLE

Early numbers show higher export, domestic sales. [$]

..To read the rest of this article, please login with your CW Group Single Sign-On first. If you do not already have a CW Group account, please register.

┬á

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4

┬À┬á he year 2010 will be much better than 2009 and 2008," hopes Mr. Omar Naj├«i, CEO of the Corporation Ciments de Bizerte (SCB) during the disclosure of February 16, 2010

Appearing upbeat, the first head of CBS said that the beginnings of recovery are there. "Of the first 45 days, there was an increase of 24% of exports compared to 2009. Deliveries on the local market increased by 18% in January, indicating that there is a recovery during the year. "

Yet the picture was rather grayish in 2009, this company has to go public. The share value has declined considerably, showing its fragility, even if Mr. Naj├«i said at the time, it was a safe bet and "concrete".

"I assure that it is a value that is for the long term and not short term," he reiterated.

At the activity level of society, the decline in demand for cement has affected the volume of exports declined by 35%, or 900 thousand tons against 1.4 million tonnes in 2008, and that lower export prices by 15%. The total turnover (excluding VAT) decreased by 9.8% and exports by 51.5%.

On the local market, the CEO of CBS said that domestic consumption has increased 6%, driving up local sales of the CBS of 12.18% and its share in the local market of 1.8 point.

Markets & trade