Tunisia’s Ciments de Bizerte has reported a TND22.179m (US$9.175m) loss in 2016, increasing the loss from TND6.61m the previous year.

Turnover reached TND61.451m, a YoY increase of 7.5 per cent when compared with 2015 when turnover reached TND57.173.

The company’s operating result saw a loss of TND14.577m, affected by net financial charges to the tune of TND14.577m in 2016, up from TND11.53m in 2015. The outstanding amount of bank loans reached TND53.891m  against TND26.88m as at 31 December 2015.