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CFAO Motors Côte d'Ivoire: Shareholders will receive more than 4 billion FCFA in dividends

06/07/2021
Categories: Companies

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For the 2020 financial year, the shareholders of CFAO Motors Côte d'Ivoire will receive on July 15, 2021, a net global dividend of 4.017 billion FCFA. The announcement was made by company executives.

CFAO Motors Côte d'Ivoire achieved a net result of 3.779 billion FCFA as of December 31, 2020, down 28% compared to 2019. Thus, the amount to be distributed corresponds to a net dividend per share of 22.15 FCFA against 26.073 FCFA in 2019, a decrease of 3.92 FCFA. The company's turnover had decreased by 4 billion, from 103 billion FCFA in 2019 to 99 billion FCFA during the period under review. The company had also seen its added value drop by one billion, from 14 billion FCFA in 2019 to 13 billion FCFA a year later. Operating income fell by 2 billion, from 7 billion FCFA in 2019 to 5 billion FCFA in 2020. As far as it is concerned, the gross operating surplus fell by 3 billion, with a level accounts for 6 billion FCFA against 9 billion FCFA in 2019.

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