{"id":232484,"date":"2026-05-06T15:46:31","date_gmt":"2026-05-06T13:46:31","guid":{"rendered":"https:\/\/southafricatoday.net\/africa-news\/west-africa\/ivory-coast\/cote-divoire-palm-ci-q1-profit-drops-but-company-says-backlog-to-clear-in-h2\/"},"modified":"2026-05-06T15:46:31","modified_gmt":"2026-05-06T13:46:31","slug":"cote-divoire-palm-ci-q1-profit-drops-but-company-says-backlog-to-clear-in-h2","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/west-africa\/ivory-coast\/cote-divoire-palm-ci-q1-profit-drops-but-company-says-backlog-to-clear-in-h2\/","title":{"rendered":"Cote d&#8217;Ivoire: Palm Ci Q1 Profit Drops but Company Says Backlog to Clear in H2"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"story-body-text\" data-para-word-count=\"48\">PALM Cote d&#8217;Ivoire (<a href=\"https:\/\/dabafinance.com\/en\/capitalmarkets\/PALC\" target=\"_blank\" rel=\"noopener\">BRVM: PALC<\/a>), 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.<\/p>\n<p class=\"story-body-text\" data-para-word-count=\"49\">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 &#8211;&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/allafrica.com\/stories\/202605050782.html\" target=\"_blank\" rel=\"noopener\">Read more on AllAfrica.com<\/a><br \/>\n<br \/>South Africa Today Africa \u2013 West Africa <a title=\"Ivory Coast\" href=\"https:\/\/southafricatoday.net\/africa-news\/category\/west-africa\/ivory-coast\/\">C\u00f4te d\u2019Ivoire (Ivory Coast)<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PALM Cote d&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":232485,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[1087],"tags":[258,256,30127,11304,7156,5958,6183,6555,5959,6520,1218,257,6927,15693,254],"class_list":["post-232484","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ivory-coast","tag-africa","tag-africa-news","tag-backlog","tag-clear","tag-company","tag-cote","tag-cote-divoire","tag-cote-divoire-news","tag-divoire","tag-drops","tag-ivory-coast-news","tag-news","tag-palm","tag-profit","tag-south-africa-today"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/232484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=232484"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/232484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/232485"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=232484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=232484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=232484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}