Mid-term result: Vivo Energy Côte d'Ivoire reports an increase in net income in the 2nd quarter of 2024 : Orishas-finance

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Mid-term result: Vivo Energy Côte d'Ivoire reports an increase in net income in the 2nd quarter of 2024

09/08/2024

Source : ORISHAS-FINANCE

Categories: Economy/Forex

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Mid-term result: Vivo Energy Côte d'Ivoire reports an increase in net income in the 2nd quarter of 2024

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Le rapport d' activité du deuxième trimestre établi par la direction de Vivo Energy Ivory Coast

mentions that the company recorded a strong 118% increase in net income in the 2nd quarter of 2024.

The second quarter activity report highlights a net income of 2.552 billion FCFA compared to 1.168 billion FCFA as at June 30, 2023. The net result for the period under review represents 60.63% of that of the 2023 financial year, when it stood at 4.012 billion FCFA. Turnover increased 4% to 298.050 billion CFA francs compared to 288 billion CFA francs in the second quarter 2003. According to the company's management, this increase is explained by “the 9% increase in volumes achieved, particularly in the aviation and business sectors. ”. Hydrocarbon sales stood at 442,000 cubic meters against 405,000 cubic meters on June 30

, 2023.

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