At the end of their Ordinary General Meeting (AGM) on July 8, 2025, the shareholders of Carthage Cement, a company specializing in cement production, decided to allocate the result of the 2024 fiscal year to the Retained Earnings category, announced the leaders of this company based in Tunis.
Retained earnings in Tunisian financial statements refer to the balance of undistributed results from previous fiscal years, which is carried over to the current fiscal year. This balance can be an undistributed profit (positive result) or a carried-over loss (negative result). As of December 31, 2024, Carthage Cement recorded a profit of 70.276 million dinars (24.596 million dollars) compared to 55.193 million dinars (19.317 million dollars) in 2023, representing an increase of 27.32%.
Furthermore, upon the proposal of the Board of Directors, the AGM authorized the allocation of amounts related to the Other Equity and Share Premium categories to the Retained Earnings category.
As a result, the AGM decided to allocate 70.256 million dinars to the result of the fiscal year, 1.809 million dinars to Other Equity, 151.619 million dinars to Share Premium, 46.457 million dinars to previous retained earnings, and -285.768 million dinars to deferred amortization. Ultimately, the Retained Earnings category shows a deficit balance of 15.625 million dinars.
After the allocation of the accounting result, Carthage Cement’s total balance sheet amounts to 873.522 million dinars compared to 874.050 million dinars in 2023, representing a decrease of 0.06%.
On the other hand, equity after allocation shows a balance of 328.587 million dinars compared to 258.331 million dinars in 2023, representing an increase of 27.19%.
