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Stock market: 31 companies announce positive net margins for fiscal year 2023

14/05/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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Pour l' exercice de l' année 2023, 31 companies have already announced positive net margins.

The cumulative net profit for the period, and in the same sense the dividends announced, grew at a much slower pace than in the previous two years.

Based on the 35 companies of the Regional Stock Exchange (BRVM) that have already published their financial results for fiscal year 2023, an overall net profit of 1007.2 billion CFA francs (1.65 billion $) is currently generated, according to information. This performance is the result of 31 companies that declared an overall net margin of 1039 billion CFA francs, mitigated by the cumulative losses of 4 companies (31.6 billion CFA francs), so far. The biggest contributors to this overall net profit are the subsidiaries in Côte d'Ivoire (Orange CI) and Senegal (Orange CI) and Senegal (Sonatel) of the French telecommunications group Orange, which for the year 2023, respectively reported a net profit of 154.9 billion CFA and 331.7 billion CFA francs. Oragroup, the banking group based in Lomé, Togo, is currently showing the worst performance with a loss of 18.18 billion CFA francs

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