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Regional stock market: A positive outlook for Sucrivoire

26/05/2021
Categories: Economy/Forex

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Supported by the economic situation and its investment projects, Sucrivoire is off to a good start to 2021 on the Regional Securities Exchange (BRVM). On May 21, the value of its shares increased by 37%. The Ivorian company Sucrivoire is once again attracting BRVM investors. Stock market capital gains are back on track, but there are also positive prospects. In the first quarter of 2021, Sucrivoire declared that it had achieved a net profit of 4.7 billion FCFA. This is 35% more than that of the same period in 2020. The second quarter of 2021 was also marked by encouraging results. So far, it's the best performance for a three-month period since 2018, according to market data collected on African Markets

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Between 2016 and 2017, the subsidiary of the food group Sifca saw its net profit fall by 27%, before plunging into losses which, in 2019, peaked at 5.4 billion FCFA. In 2020, on the other hand, it returned to a positive net result of 1.8 billion FCFA

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