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Regional stock market: Positive outlook for Sucrivoire

26/05/2021
Categories: Economy/Forex

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Supported by the economic situation and its investment projects, Sucrivoire is off to a good start to 2021 on the Regional Stock Exchange (BRVM). The value of its share was up 37% on May 21. The Ivorian company Sucrivoire is once again pleasing BRVM investors. Stock market gains are once again at the rendezvous, but also positive prospects. In the first quarter of 2021, Sucrivoire said it had made a net profit of 4.7 billion FCFA. This is 35% more than that of the same period in 2020. The second quarter of 2021 is also marked by encouraging results. So far, this is the best performance for a three-month period since 2018, according to market data collected on African Markets.

Between 2016 and 2017, the subsidiary of the agri-food group Sifca saw its net profit fall by 27%, before plunging into losses which, in 2019, peaked at 5.4 billion FCFA. In 2020, on the other hand, it returned to a positive net result of 1.8 billion FCFA.

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