The Ivorian company PALM CI confirms the boom in raw materials. It recorded an increase in turnover of 14.51%, a net profit of +163% and the share price rose by 107%.

Driven by strong global demand, palm oil prices, like other commodities, have been soaring for several months. The only company in the palm oil sector to be listed on the BRVM has published its 2020 annual figures which confirm the expected "boom".
Its turnover increased by 14.51% to 119.76 billion FCFA against 104.59 billion FCFA in 2019, an operating result up by 238% standing at 5.51 billion FCFA against -3.98 billion in 2020 and above all a net profit up 163%.
Finally, while specialists estimate that it could exceed 7,000 CFA francs by the end of the year, to return to the prices of 2017, PALM CI will distribute a gross dividend of 1.76 billion CFA francs for the 2020 financial year. and could post good results for its 2021 financial year.