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Mid-term results: Filtisac recorded a current profit before taxes in excess of 4.088 billion FCFA

10/11/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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La société Filatures Tissage Sac (Filtisac) from Côte d'Ivoire saw its accounts go green with a current profit before taxes in excess of 4.088 billion FCFA, compared to a third quarter 2022 showed a deficit of 227 million FCFA.

Between the two periods (third quarter 2022, third quarter 2023), Filtisac improved its current profit before taxes by 4.315 billion FCFA in absolute value and 1901% in relative value. The company's management, through the control of operating expenses and the restoration of margins, indicated that operating income amounted to 1.062 billion FCFA compared to -583 million FCFA as of September 30, 2022, an increase of 282%. And net sales excluding taxes increased by 702 million FCFA, with a turnover that rose from 26.393 billion FCFA in the third quarter of 2022 to 27.095 billion FCFA in the third quarter of 2023. The result of ordinary activities increased significantly from 4.103 billion FCFA to 4.078 billion FCFA compared to - 25 million FCFA at 30 September 2022

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