Cote d’Ivoire: Sode Ci Triples Operating Profit On Cost Cuts Despite Revenue Slip

SODE CI (BRVM: SDCC), the Abidjan water utility and Eranove Group subsidiary, delivered one of the most striking results among BRVM-listed companies in the first quarter of 2026: net profit more than doubled to 1.32 billion FCFA ($2.4 million) from 604 million FCFA ($1.1 million) a year earlier, while revenue actually fell.

That combination — profit up, revenue down — is unusual and tells a specific story. Management appears to have undertaken a significant operational cost reduction effort,…