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Sicable: net income jumps by 332 million FCFA in the first quarter of 2023

08/08/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The activity report published by the management of the Société Ivoirienne de Câbles (Sicable) mentions that the company's net income jumped by 332 million FCFA, at the end of the first quarter.

Sicable's net income rose from 255.7 million FCFA at 31 March 2022 to 587.6 million FCFA at 31 March 2023. According to the company's management, this jump is explained by the drop in inventories linked to commodity price fluctuations in the first quarter of 2023. In the first quarter of 2022, the company's turnover fell slightly by 0.2%, to 4.540 billion FCFA against 4.549 billion FCFA. In addition, in terms of operating income, there was a strong increase of 115% to 787 million FCFA compared to 365.3 million FCFA as of March 31, 2022

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