Agriculture: 200% increase in SOGB’s net income in the third quarter of 2019

The net result of the Grand Bereby Rubber Company (SOGB) rose sharply by 200% in the third quarter of 2019 compared to the same period of 2018, announced the managers of this company based in Cassandra in Ivory Coast.

This result rose from CFAF 1.379 billion at September 30, 2018 to CFAF 4.143 billion at September 30, 2019, an increase of CFAF 2.764 billion in absolute terms. According to SOGB management, this situation is « the result of a very good control of undisbursed operating expenses ».

Turnover increased by CFAF 3.061 billion to CFAF 46.539 billion against CFAF 43.477 billion in the third quarter of 2018. During the period under review, SOGB recorded a 9% increase in sales volumes. of rubber and 7% for crude palm oil. The price of rubber rose by 4%. In contrast, that of palm oil was down 14%.

Income from ordinary activities increased strongly by 175%, from CFAF 1.865 billion at September 30, 2018 to CFAF 5.131 billion at September 30, 2019.

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