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SOLIBRA: shareholders deprived of dividends for the 2022 financial year, a second since 2018

16/05/2023
Source : ORISHAS FINANCE
Categories: Companies

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SOLIBRA will not distribute dividends for the 2022 financial year. This is indicated by the draft resolution submitted to the vote of shareholders at the next combined general meeting scheduled for May 31, 2023 in Abidjan. This is the second time since 2018 that shareholders of this company will be deprived of dividends.

La privation de dividende des actionnaires de SOLIBRA, the Ivorian subsidiary of the French brewing group Castel, is explained by lower consumption and increased charges. In reality, a falling turnover of 17.4 billion FCFA and rising charges of more than 12 billion FCFA led to an 80% fall in operating income, which stood at 7.1 billion FCFA at the end of 2022, compared to 36.5 billion FCFA

in 2021.

Net profit amounted to only 1.2 billion CFA francs according to the OHADA accounting system method, registering a decrease of 94.5% compared to the previous year.

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