The shareholders of the Company for West Africa Studies and Works (SETAO), a subsidiary of the Bouygues group and specializing in consulting and engineering services in the field of Building and Public Works (BTP) , will receive on July 16, 2021, for fiscal year 2020, an overall net dividend of 889.056 million FCFA (1.333 million euros), announced the managers of this Abidjan-based company.
Compared to the 13,440,000 shares that make up the company’s share capital, the net dividend per share is 66.15 FCFA. It should be noted that for several years, SETAO had not distributed dividends. This dividend to be allocated to shareholders represents 132.3% of the nominal value of the share, which is 50 FCFA.
SETAO’s 2020 financial year was a prosperous one, with after-tax profit up sharply by 168%. This profit amounted to 2.321 billion FCFA against 866 million FCFA as of December 31, 2019. The turnover had also jumped 6.623 billion to 15.900 billion FCFA against 9.277 billion FCFA in 2019.
The same upward trend was noted at the level of added value which had increased by 80.59% to 6.348 billion FCFA against 3.515 billion FCFA in 2019. For its part, the gross operating surplus of the company had increased. a big jump of 241% with an achievement of 3.871 billion FCFA against 1.135 billion FCFA on December 31, 2019. The operating result had followed the same trend, registering a 217% increase to 3.108 billion FCFA against only 978.905 million FCFA in 2019.
