Vivo Energy Côte d'Ivoire (SHEC), the company listed on the BRVM, recorded a 12% increase in its turnover in the 3rd quarter of 2024.

This increase was driven by 9% volume growth mainly from the aviation and business sectors. Thus, operating profit increased by 67% to reach 7.54 billion FCFA, thanks to the increase in sales and the control of expenses. Net income increased by 63% to 2.85 billion CFA francs year-on-year, despite a drop in financial products. Operating income increased by 67% to 7.54 billion CFA francs, boosted by the increase in turnover and the control of operating expenses. However, financial results deteriorated, with a 121% drop in financial income to -3.08 billion FCFA, attributed to the increased use of bank overdrafts and to the increase in financial costs. Also, the net result increased by 63% from one year to the next to reach 2.85 billion FCFA, against 1.75 billion FCFA