CFAO Mobility Côte d’Ivoire shareholders, specializing in vehicle distribution, will receive a net dividend of 1.450 billion CFA francs (2.611 million dollars) for the 2024 fiscal year, scheduled for August 19, 2025. This dividend represents 8 CFA francs per share, down from the 15.87 CFA francs paid out the previous year, a decrease of 7.87 CFA francs.
As of August 1, 2024, CFAO Mobility Côte d’Ivoire shares were trading at 655 CFA francs, offering a yield of 1.22%. This dividend, which is equivalent to 16% of the nominal value of the share (50 CFA francs), comes after a year marked by a 27% decrease in net profit, falling to 4.693 billion CFA francs from 6.399 billion CFA francs in 2023. Revenue also decreased by 12.12%, reaching 158.313 billion CFA francs compared to 180.161 billion the previous year.
Other financial indicators followed the same negative trend, with a 13% decrease in value added to 19.281 billion CFA francs, down from 22.036 billion in 2023. Gross operating surplus dropped by 31.27%, from 12.470 billion CFA francs to 9.373 billion CFA francs, and operating income also decreased by 29.36%, standing at 7.846 billion CFA francs compared to 11.108 billion in 2023.
Financial results showed a loss of -904.823 million CFA francs, compared to -776.314 million CFA francs the previous year. Finally, ordinary activities’ results recorded a 33% decrease, dropping from 10.332 billion CFA francs to 6.941 billion CFA francs.
