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Stock market: The value of Total Senegal climbs on the BRVM

16/06/2021
Categories: Index/Markets

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Total Senegal closed Monday, June 14 with a value up 7.43% on the Regional Stock Exchange (BRVM) in Abidjan. The company saw an increase in its operating margin, despite declining sales in 2020.

Total Senegal posted the second largest increase for a security listed on the sub-regional financial market at the start of the week, after the 7.5% increase posted by Crown Siem CI. This resilience was made possible by non-business elements, and the year 2021 started in difficulty. The performance follows the announcement of a dividend per share of 223.6 FCFA which will be paid on July 30 at the latest.

According to the publications made by the company on its general meetings, the result of ordinary activities fell by 50%. The company's managers explain that this is due on the one hand to the decline in activities due to the restrictions resulting from the pandemic, and on the other hand, to the loss of income due to the service stations which were ransacked during the protests in early March.

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