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BRVM: Sucrivoire recorded an 11% increase in turnover for the first 9 months of the year

25/12/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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Sucrivoire achieved a turnover of 94.8 million dollars (59.8 billion FCFA) for the first nine months of the year ending on September 30, 2024, an increase of 11% by compared to the previous year.

Sucrivoire is one of the main sugar producers in Côte d'Ivoire, listed on the BRVM. Indeed, the company (SCRC ) reduced its operating loss to 1.7 million dollars (-1.1 billion FCFA) against 15.3 million dollars (-9.7 billion FCFA) and reduced its loss net at 8.2 million dollars (-5.2 billion FCFA), an improvement of 63%. Sales volumes increased by 4.4% to 99,015 tons. L'action de Sucrivoire started the year with a price of 475 XOF and has since gained 57.9% on this assessment, Placing it in third place BRVM in terms of performance since the start of the year. Its strategic measures, including resolving harvest issues and increasing imported sugar sales, helped stabilize its operations. The replanting and modernization of infrastructure should support long-term growth, while the financial restructuring approved in 2024 positions the company on the road

to recovery.
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