The Ivorian Cable Company (Sicable), a member of the Prysmian Group, the world leader in electric cables, will allocate to its shareholders, for the 2020 financial year, a net annual dividend of CFAF 787.360 million (€ 1.181 million), announced the leaders of this company based in Abidjan. This is one of the resolutions taken by the Board of Directors of the company following its meeting on February 18, 2021 and which will be submitted for approval to the Ordinary General Meeting on March 30, 2021.
Compared to the 2019 financial year when it amounted to 444 million FCFA, this net dividend has increased by 343.360 million FCFA. Compared to the 5,920,000 shares that make up the company’s capital, this corresponds to a net dividend per share of FCFA 133 (after withholding at source under the income tax on securities at the rate of 10%) against 75 FCFA in 2019. The payment date of this net annual dividend has not yet been set.
Sicable achieved at the end of fiscal year 2020 a profit of FCFA 1.166 billion, a sharp increase of 82.87% compared to fiscal year 2019 when it amounted to FCFA 637.951 million. This company saw its turnover increase by 24%, reaching FCFA 18.898 billion against FCFA 15.200 billion in 2019. The added value had also increased strongly by 57.12%, from FCFA 2.118 billion. in 2019 to 3.328 billion FCFA during the year under review. This upward trend was also noticeable at the level of gross operating surplus (EBITDA) which amounted to CFAF 2.194 billion against CFAF 1.057 billion in 2019 (+ 107.56%). As for the operating result, it stood at CFAF 1.662 billion against CFAF 884.361 million in 2019, an increase of CFAF 777.763 million.