Cote d’Ivoire: Ivory Coast Rubber Producer SOGB Reports 149 Percent Profit Rise

TLDR

• Société des Caoutchoucs de Grand-Béréby (BRVM: SOGC), Ivory Coast’s major rubber and palm oil producer, reported net profit of 13.11 billion XOF ($22.7 million) for 2024
• Revenue from manufactured products rose 22% to 87.25 billion XOF ($151.1 million), driven by higher rubber prices (+29%) and palm kernel oil prices (+14%)
• The board proposed dividends of 12.97 billion XOF ($22.5 million), nearly triple the 4.97 billion XOF ($8.6 million) paid last year

Société des Caoutchoucs de…