Uniwax S.A: an Ivorian company records a loss in net income in the 3rd quarter of 2023 : Orishas-finance

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Uniwax S.A: an Ivorian company records a loss in net income in the 3rd quarter of 2023

15/11/2023

Source : ORISHAS FINANCE

Categories: Sectors Companies

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Uniwax S.A: an Ivorian company records a loss in net income in the 3rd quarter of 2023

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A l' issue du the 3rd quarter of 2023, Uniwax S.A recorded a net loss of 879.406 million FCFA. The information is supported by the activity report prepared by the management of this company.

uniwax S.A is an Ivorian company that operates in the textile manufacturing sector. The activity report prepared by the management of this company mentions that the recorded net loss varied negatively by 1.175 billion FCFA compared to the 3rd quarter of 2022, when it amounted to 296 million FCFA.

uniwax has apparently not yet released the red zone since it had a loss of 1.298 billion FCFA at the end of fiscal 2022.

The company's management explains this underperformance by the fall in demand due to the inflationary context. It also indicates the effects of the embargo on Niger, which is one of the largest export markets, and the difficulties of payment in foreign currencies by some of the non-UEMOA customers

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