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Third quarter 2024: Sharp drop of 56% in SMB's net income

12/12/2024
Source : ORISHAS FINANCE
Categories: Rate

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The management of the Multinational Bitumen Company (SMB) has published its activity report according to which the company's net income fell sharply by 56% in the third quarter of 2024 compared to the third quarter of 2023.

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Le rapport mentionne qu' un léger slight increase of 1% was noted in the company's turnover with an achievement of 181 billion FCFA compared to 180 billion FCFA in the third quarter of 2023. The result of ordinary activities fell sharply by 58% to 7.169 billion CFA francs compared to 17 billion CFA francs at the end of September 2023. According to the management of SMB, “in the fourth quarter of 2024, the continuation of the major road program in the State of Côte d'Ivoire (National Development Plan 2020-2025) and the Rural Connectivity Project (PCR from 2023 to 2029) will allow sales to resume on the

rise”.
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