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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe direction of the Société Ivoirienne des Tabacs (SITAB)
has made public the company's activity report. It should be noted that at
first half of 2025, SITAB's activity increased sharply by 8,416
billion FCFA its net income compared to the first half of 2024.
Based on the report, the net income of the first
Half of 2025 amounted to 18.062 billion FCFA against 9.646 billion FCFA
FCFA as of June 30, 2024, i.e. an increase of 87.25% in relative value. The number
The company's turnover increased by 42% to 131 billion FCFA
against 92.332 billion FCFA in the first half of 2024.
According to the management of SITAB, sales volumes
in the first half of 2025 show a slight increase of 2% compared to
same period in the year 2024. They are respectively at 3.630 billion
stems and 3.559 billion stems.
According to company officials from
tobacco, “this low growth in volume is nevertheless still a good
performance, because it intervenes in a context where our Fine brand is 50%
more expensive than between January and May 2024” They add that in January 2025, the
FINE DUO price increased from 1,000 to 1,500 FCFA, following the increase
excise duties that occurred during the same period, rising from 147 FCFA to 280 FCFA
per pack.
The company's management also reported that “this increase in the price of FINE DUO has greatly hampered its growth, but it has benefited the other references of the FINE brand.”
Operating income is increasing
of nearly 10 billion, standing at 22.649 billion FCFA against 12.670
billion FCFA as of June 30, 2024. The financial result shows a balance
positive of 943 million FCFA against a positive balance of 264 million FCFA
in the first half of 2024. Earnings before taxes increased
by 82.40% with an achievement of 24 billion FCFA against 13 billion FCFA at
June 30, 2024.
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