The Société Africaine de Plantations d'Hévéas (SAPH) announced an increase of 151.5% Old Style”, serif">in its net profit in the third quarter of 2024 compared

SAPH thus recorded a net profit of more than 10 billion CFA francs ($16.6 million). It benefits from a favorable market situation and optimized management of its costs. The company's activity report mentions that its turnover in the third quarter of 2024 was 186.3 billion FCFA, up 30.6% compared to the previous year. This growth was driven by an increase in volumes sold of 13.07%, combined with a 15.52% increase in the average selling price. This dynamic confirms the return of global demand for rubber, after a year 2023 marked by economic uncertainty and a fall in prices on the international market. SAPH's earnings from ordinary activities also benefitted from this improvement. It reached 13.37 billion CFA francs in the third quarter, an increase of 149.5% compared

SAPH has optimistic prospects for the end of the year. With a net profit margin (ratio net income to turnover) increased from 2.8% to 5.4% between the third quarter of 2023 and the third quarter of 2024, the company demonstrates a continuous improvement