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Finance: Vivo Energy increases its dividend for 2023

13/09/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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Vivo Energy achieved a 13% increase in its net profit to 4.01 billion CFA francs in 2023. Following this increase, the company increased its dividend for the third year in a row, giving shareholders a net dividend of 57 FCFA per share

.

Vivo Energy overcame the weak performance of the hydrocarbon sector to end the 2023 financial year with good results, posting a net profit up 13% to 4.01 billion FCFA (6.7 million dollars), against 3.75 billion FCFA last year. previous. Building on this success, the company listed on the BRVM (SHEC) rewarded shareholders with a net dividend of 57 FCFA per share, for a total dividend of 4.01 billion FCFA. This dividend offers a yield of 6.16%, based on the share price of 925 FCFA on September 27. The company's positive performance also pulled the share price up, with Vivo Energy CI shares rising 17.09% since the start of fiscal 2024 after a gain of 5.33% in 2023, a testament to continued investor confidence

.

Vivo recorded a significant increase in its financial performance in the second quarter of 2024, reflecting a robust response to market demands and operational strategies. The company's turnover, as of June 30, reached 298.1 billion FCFA, marking an increase of 4% compared to the 287.6 billion FCFA recorded during the

same period in 2023.
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