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SICABLE: Activity report for the first half of 2019

18/10/2019
Source : Bulletins Officiels de la Cote | BRVM
Categories: Economy/Forex

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The turnover achieved during the first half of the 2019 financial year is slightly down compared to the 1 st half of 2018 (5.7%) following pressure on prices from the competitive environment.

The tonnage of cables manufactured was stable compared to the first half of 2018 (+1.1%)

The tonnage of merchant cables sold increased by 35%.

2019 operating expenses contracted by 15% in order to follow the decline in turnover.

On the local market, sales contracted by 13%.

On the export side, development efforts have led to a significant increase in tonnage sold (+38%)

In this difficult context of increasing competition, Sicable manages to maintain profitability close to 8.5%.

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