Cote d’Ivoire: Ivorian Rubber Producer Saph First-Quarter Profit Grows 949 Percent

TLDR

• Société Africaine de Plantations d’Hévéas (BRVM: SPHC), Ivory Coast’s leading rubber producer, reported a 949% jump in first-quarter net profit to 11.8 billion XOF
• Revenue climbed 72% to 94.3 billion XOF ($163.3 million), driven by a 24% increase in sales volume and a 41% rise in average selling prices
• Natural rubber prices averaged $1.93 per kilogram in Q1 2025, 25% higher than the $1.57 per kilogram in the same period last year

Société Africaine de Plantations d’Hévéas (BRVM:…