Ivory Coast's Saph 2012 net results down nearly 54 percent
ABIDJAN, April 30
ABIDJAN, April 30 (Reuters) - Ivory Coast natural rubber producer Saph reported net profits of 21.07 billion CFA francs ($42.08 million) in 2012, down nearly 54 percent from 45.62 billion CFA in 2011, the company said.
Turnover slipped to 172.96 billion CFA francs from 194.54 billion in 2011, according to a financial report posted on the website of West Africa's BRVM regional bourse on Tuesday.
The company said last year that 2012 earnings were being affected by lower world prices for natural rubber. ($1 = 500.7300 CFA francs) (Reporting by Loucoumane Coulibaly; Editing by Joe Bavier)
- Missing Air Algerie plane from Burkina Faso has crashed: Algerian official
- Exclusive: Ukraine rebel commander acknowledges fighters had BUK missile
- Sierra Leone's chief Ebola doctor contracts the virus
- At least 15 dead in Israeli shelling of Gaza school- Health Ministry |
- European court says CIA ran secret jail in a Polish forest