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Côte d'Ivoire: SODECI pays a global net dividend of 3.037 billion FCFA

26/07/2021
Categories: Companies

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The management of the Côte d'Ivoire water distribution company (SODECI) has announced that shareholders will receive their dividend this 27 July 2021. For the 2020 financial year, the Abidjan-based company will pay a total net dividend of FCFA 3.037 billion, or €4.556 million.

The 2020 fiscal year had ended with an after-tax profit of FCFA 4.599 billion, up 45% on the 2019 figure. The same upward trend was noted concerning the turnover (+32%) with an achievement standing at 129 billion FCFA against 98.229 billion FCFA in 2019. The operating profit of SODECI had, for its part, strongly increased by 88% to 6.54 billion FCFA against 3.49 billion FCFA at the end of the year 2019. Thanks to this performance, the company has increased the financial envelope of its shareholders. Relative to the 9 million shares that make up the company's capital, the net dividend per share amounts to 337.5 FCFA against 292.5 FCFA in 2019, an increase of 45 FCFA. The net dividend to be paid to shareholders represents 67.5% of the nominal value of the share, which is 500 FCFA.

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