The leaders of the Regional Stock Exchange (BRVM) announced that the Ivorian tobacco company (SITAB) will pay its shareholders an annual net dividend of 7.831 billion FCFA on July 2, 2021, for the 2020 financial year.

SAITAB ended 2020 with a net result of 8.542 billion FCFA against 5.291 billion FCFA in 2019, an increase of 61%. Its turnover increased by 22 billion FCFA, from 95 billion FCFA in 2019 to 116 billion FCFA in 2020. Thus, it will pay an annual net dividend of 7.831 billion FCFA to its shareholders. This corresponds to a net dividend per share of 436,123 FCFA against zero in 2019. It should be noted that SITAB has remained for four consecutive years without distributing a dividend to its shareholders.

The company's added value increased sharply by 92% to 7 billion FCFA against 3 billion FCFA in 2019. During the period under review, SITAB's operating expenses increased by 20%, from CFAF 91 billion in 2019 to CFAF 110 billion a year later. Regarding the gross operating surplus, it amounted to 4.385 billion FCFA against 1.478 billion FCFA in 2019.