2020 dividends: Tractafric Motors Côte d’Ivoire to pay CFAF 1.668 billion to its shareholders

The company Tractafric Motors Côte d’Ivoire (TMC), specializing in the sale of new motor vehicles, will pay its shareholders on September 2, 2021, for the 2020 financial year, an overall net dividend of CFAF 1.668 billion (2.502 million euros), announced the leaders of this Abidjan-based company.

Compared to the 10.240 million shares that make up the company’s share capital, the net dividend per share amounts to 162.90 FCFA against 159.3 FCFA in 2019, an increase of 3.6 FCFA. The dividend that will be paid to shareholders represents 130.32% of the nominal value of the share, which is 125 FCFA.

By the end of fiscal year 2020, TMC had achieved an after-tax profit of FCFA 1.863 billion against FCFA 1.807 billion in 2019, a slight increase of 3.09%.

On the other hand, its turnover was down by 6.69%, going from 54.776 billion FCFA in 2019 to 51.108 billion FCFA in 2020.

During the period under review, the added value of the company was also down by 1.70%, to 6.956 billion FCFA against 7.077 billion FCFA a year earlier.

The gross operating surplus followed the same downward trend (-15 million FCFA) with an achievement of 4.277 billion FCFA against 4.262 billion FCFA in 2019.

On the other hand, the operating result had increased from 123 million FCFA to 2.930 billion FCFA against 2.807 billion FCFA in 2019.


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