The after-tax profit of the Société d’études et de travaux pour d’Afrique de l’Ouest (SETAO), a subsidiary of the Bouygues group specializing in consulting and engineering services in the field of building and public works (BTP ), saw a sharp increase of 168% at the end of fiscal year 2020 compared to the previous fiscal year.
The provisional annual results for the year under review highlight a profit of 2.321 billion FCFA against 866 million FCFA as of December 31, 2019, an increase of 1.455 billion FCFA. SETAO’s turnover stood at 15.900 billion FCFA against 9.277 billion FCFA in 2019, an increase of 6.623 billion FCFA. The company’s purchases and costs are also up by 3.791 billion, to 9.552 billion FCFA against 5.761 billion FCFA in 2019.
SETAO’s added value increased by 80.59% to 6.348 billion FCFA against 3.515 billion FCFA in 2019. Staff costs for their part increased sharply by 96 million, from 2.380 billion FCFA in 2019 to 2.476 billion. billion FCFA a year later.
The company’s gross operating surplus rose sharply by 241% with an achievement of FCFA 3.871 billion against FCFA 1.135 billion as of December 31, 2019. The operating result follows the same trend, rising from FCFA 978.905 million. in 2019 to 3.108 billion FCFA at the end of the year under review (+ 217%). The same observation can be made concerning the result of ordinary activity which stands at 3.349 billion FCFA against 1.115 billion FCFA as of December 31, 2019 (+ 200%).
