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Ivory Coast: 77% increase in PalmCI's net income in the first quarter of 2021

09/08/2021
Categories: Companies

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According to the activity report established at the end of the first quarter of 2021 compared to the first quarter of 2020, the net result of Palm Côte d'Ivoire recorded an increase of 77%. This increase is justified by the rise in prices by 13% and the quantities of crude palm oil sold by 10% over the period.

The result of PalmCI stood at 12.134 billion FCFA against 6.848 billion FCFA as of March 31, 2020. For its part, the turnover ended up with an increase of 22% to 49.929 billion FCFA against 40.949 billion FCFA in the first quarter of 2020. As for the result of ordinary activities, it jumped by 118% to 14.883 billion FCFA against 6.840 billion FCFA a year earlier. In anticipation, the company's management argues that the already perceptible increase in production bodes well for a better year in 2021.

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