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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 experienced a year 2020 worse than the year 2019. However, the company has decided to be generous with its shareholders.

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

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