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Société d'Études et de Travaux pour l'Afrique de l'Ouest: 315 million FCFA in loss recorded in the first half of 2024

30/10/2024
Source : ORISHAS-FINANCE
Categories: Companies

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La direction de la Société d'Études et de Travaux pour l'Afrique de l'Ouest (SETAO) has established a report according to which the company located in Abidjan made a loss of 315 million CFA francs in first half of 2024.

In the first half of 2023, SETAO was -986 million FCFA. The company's loss has decreased by 68%. The turnover for the first six months of the 2024 financial year was 582.3 million CFA francs, down 88% compared to the same period in 2023. With regard to the sharp drop in turnover, the company's management indicates that “the advance to start the preliminary works project at Abidjan airport having been paid in June 2024, the work started at the end of June 2024”.

Operating income also recorded a contraction of 323 million, from - 909 million FCFA in the first half of 2023 to -585 million FCFA a year later. Likewise, the result of ordinary activities fell by 64%, to -314.7 million FCFA against -881 million FCFA in the first half of

2023.
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