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Sucrivoire: the company achieved a net profit of 1.263 billion FCFA in the first half of 2024

18/11/2024
Source : ORISHAS FINANCE
Categories: Companies

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The activity report prepared by the management of Sucrivoire mentions that the company achieved a net banking income of 1.263 billion FCFA in the first half of 2024.

In the first half of 2023 Sucrivoire had made a significant loss of 8.159 billion FCFA. Its turnover increased by 3.842 billion, amounting to 45.147 billion FCFA against 41.304 billion FCFA as of June 30, 2023. According to the company's management, this growth is mainly due to two key factors, in particular increased volumes and a more favorable product mix.
In addition, Sucrivoire officials report that the 2023/24 campaign was shorter than the previous one, with an 8% reduction in cultivated hectares, in order to make effective progress in the eradication of the Mosaic virus and Borer infestations. Sugar production for this period was 53,186 tons, in line with forecasts, compared to 55,887 tons produced in the first half of 2023. As for operating income, Sucrivoire's management notes that the efforts made during the 2023/24 campaign to optimize operating costs paid off, with a positive achievement of 4.287 billion FCFA against a loss of 4.973 billion FCFA for the first half of 2023, i.e. a significant improvement of 9.260 billion FCFA

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