Ivory Coast utility CIE says H1 profit down 57 pct
ABIDJAN Oct 22 (Reuters) - Ivory Coast power utility CIE recorded a net profit of 3.22 billion CFA francs ($6.71 million) in the first half of 2013, down 57 percent from 7.51 billion CFA francs during the same period last year, the company said on Tuesday.
In a statement in state-owned newspaper Fraternite Matin, the company, partly owned by French industrial group Bouygues , said the drop in profits was largely due to the cost of extensive maintenance.
Turnover rose 21 percent to 183.77 billion CFA francs from 152.19 billion a year earlier.
($1 = 479.6580 CFA francs) (Reporting by Loucoumane Coulibaly; editing by Joe Bavier and Jason Neely)
- Merkel says tightening Ukraine-Russian border is key to peace deal |
- Ferguson protest march marks two weeks since police shooting |
- China rejects U.S. criticism over jet encounter
- U.S. hostage rescuers dropped from night sky: Syria activist
- Gaza gunmen execute 'collaborators'; mortar kills Israeli boy |