Gas producer Air Liquide net profit jumps over 120% in 2023

AFRICAN STOCKS AND FINANCEJuly 29, 2024 at 6:41 PM UTC

TLDR

Air Liquide CI reports 122.40% increase in net income to 895.71 million FCFA, driven by reduced financial expenses and personnel expenses.
Turnover slightly decreased by 2.03% to 8.51 billion FCFA, but gross operating income and operating income recorded significant increases.
Financial statements for the 2023 financial year released by BRVM-listed Air Liquide CI, showcasing improved financial performance.

BRVM-listed Air Liquide CI (SIVC) recently published its financial statements for the 2023 financial year, over seven months past the regulatory deadline.

The reports show a significant increase in net income, up 122.40% to 895.71 million FCFA ($1.5 million) compared to 402.74 million FCFA a year earlier, driven by a substantial reduction in financial expenses by 30.57% (to 215.85 million FCFA), a 14.97% decrease in personnel expenses (to 1.81 billion FCFA), and a 14.15% reduction in other expenses (to 947.21 million FCFA).

The industrial and medical gases producer also saw turnover slightly decrease by 2.03% to 8.51 billion FCFA. However, gross operating income and operating income saw significant increases of 198.95% (to 1.67 billion FCFA) and 143.14% (to 824.52 million FCFA), respectively.

Key Takeaways

Air Liquide Côte d’Ivoire is currently the 44th most valuable stock on the BRVM, with a market capitalization of XOF 4.32 billion. The stock began the year with a share price of 830 XOF but has since lost 40.4% of that value, ranking it 46th on the BRVM in terms of year-to-date performance. The company has not yet communicated any information regarding its dividend distribution policy.

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