Cote d’Ivoire: Palm Ci Q1 Profit Drops but Company Says Backlog to Clear in H2

PALM Cote d’Ivoire (BRVM: PALC), the Abidjan-based palm oil producer, posted net profit of 1.6 billion FCFA ($2.9 million) in the first quarter of 2026, down 86% from 11.6 billion FCFA ($20.7 million) a year earlier, as lower volumes and weaker prices hit both revenue and margins simultaneously.

Revenue fell 27% to 49.4 billion FCFA ($88.3 million) from 67.5 billion FCFA ($120.7 million). The company said the decline reflected fewer sales of crude palm and palm kernel oil on the local market –…