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Societe Generale Cote d'Ivoire: Net income increased by 5% in the first quarter of 2021

23/06/2021
Categories: Companies

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Officials of Société Générale Côte d'Ivoire (SGCI) announced that the institution's net profit increased by 4.8% in the first quarter of 2021 compared to the same period in 2020. This increase is estimated at 5%.

The net profit of the company based in Abidjan increased from 14.134 billion FCFA in the first quarter of 2020 to 14.809 billion FCFA in the first quarter of 2021, an increase of 675 million FCFA in absolute value. Net banking income (GNP) also grew positively by 9.4% to 43.617 billion FCFA compared to 39.884 billion FCFA in the first quarter of 2020. As for pre-tax income, it came to 17.842 billion FCFA at the end of the quarter under review, compared to 17.029 billion CFA francs at 31 March 2020 (

+4.8%).
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