The after-tax profit of the Société de sucre de Grand Béréby (SOGB) recorded a sharp increase of 3.132 billion FCFA (4.698 million euros) at the end of the 2020 financial year compared to the 2019 financial year, the executives announced. of this company based in Cassandra in Ivory Coast.
This profit amounted to CFAF 7.652 billion as of December 31, 2020 against CFAF 4.520 billion as of December 31, 2019, a sharp increase of 69.29%. According to company officials, the increase was due to a 7% increase in rubber sales and a 26% increase in palm oil sales.
SOGB’s turnover increased by 5.224 billion, with an achievement that rose from 63.894 billion FCFA in 2019 to 69.118 billion FCFA a year later. During the period under review, the company better controlled its total expenses, which slightly increased by 1.96% to 38.849 billion FCFA against 38.102 billion FCFA as of December 31, 2019. Among these expenses, the purchases of raw materials and changes in stock increased by 4.73%, from 20.051 billion in 2019 to 21.001 billion in 2020. On the other hand, the item Other purchases was slightly reduced by 0.64%, standing at 9.683 billion FCFA against 9.746 billion FCFA . For their part, external services stood at 5.227 billion FCFA against 5.360 billion FCFA in 2018, a decrease of 133 million.
Staff costs were reduced by 1.27% to 13.691 billion FCFA against 13.518 billion FCFA as of December 31, 2019. During the period under review, the added value of SOGB increased by 17.35% to 30.268 billion. of FCFA against 25.792 billion FCFA. As far as it is concerned, the gross operating surplus (EBITDA) increased by 35.05%, from 12.274 billion FCFA in 2019 to 16.577 billion FCFA in 2020. The same upward trend characterizes the operating result which stood at 11.218 billion FCFA against 6.815 billion FCFA as of December 31, 2019 (+ 64.60%).
