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Côte d'Ivoire: Total wants to distribute 99% of its 2020 net profit

03/05/2021
Categories: Index/Markets

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Total Côte d'Ivoire has experienced a worse 2020 than 2019. However, the company has decided to be generous with its shareholders.

Total Cote d'Ivoire plans to distribute a gross dividend of CFAF 7.6 billion to its shareholders for the 2020 financial year, we learn from the financial statements published by the company on the Abidjan Regional Securities Exchange (BRVM) where it is listed. This represents just over 99% of its net profit and nearly 121.5 CFA francs in gross dividends before tax for each share held by investors.
The company started 2021 with a working capital requirement (difference between liabilities and assets less than 12 months) of 11.3 billion CFA francs compared to 9.5 billion CFA francs at the beginning of 2020. The value of the Total CI share has already fallen by 18% on the BRVM. But a slight upturn has been felt since the beginning of April, with a cumulative increase of 5.8%.

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