The Société Africaine de Plantations d'Hévéas (SAPH), an Ivorian rubber manufacturer, reported a net profit of 18.8 billion CFA francs (31 million dollars) for 2024.

SAPH achieved an excellent performance in 2024, tripling its profit thanks to improved production efficiency and the stabilization of global rubber demand. SAPH revenue increased by 17% to 279.4 billion CFA francs (460.6 million dollars), compared to 240.6 billion CFA francs ($396.6 million) the previous year. Operating profit increased to 29.5 billion CFA francs (48.6 million dollars), from 7.7 billion CFA francs (12.7 million dollars), while EBITDA reached 40.1 billion CFA francs (66.1 million dollars). Total assets were 222.2 billion CFA francs (366.3 million dollars), and equity increased to 122.4 billion CFA francs (201.7 million dollars). SAPH maintained its dividend, distributing 10.8 billion CFA francs (17.8 million dollars). SAPH stock (SPHC) has increased by 97.9% over the past year and by 14.7% since the start of the year. It gained 4.4% last week, 9.2% last month, and 39.7% over the past six months