According to the financial statements published by Total Côte d’Ivoire on the Regional Securities Exchange (BRVM) of Abidjan where it is listed, the Company plans to distribute 99% of its net profit and nearly 12.15 CFA francs of gross pre-tax dividend for each share held by investors.

This decision comes as a surprise as 2020 was worse for the company in comparison to the previous year. The Company’s cash flow reduced in 2020 to FCFA 223 million from 3.37 billion CFA francs at the end of 2019.

The gross dividend to be distributed to shareholders amounts to 7.6 billion CFA. Although the figure is positive, according to data gathered from the Ecofin Agency, the Company’s net profit is down 26.6% compared to 2010 where a decline of 11.25% was recorded.

Total CI began 2021 with a working capital requirement, which is the difference between liabilities and assets under 12 months, of 11.3 billion CFA francs, compared to 9.5 billion CFA at the beginning of 2020.

Although down, Total CI limited the break in 2020, as at the end of the first half, its net profit was down 46%. Also, in early April 2021, the Ivorian authorities increased the prices of hydrocarbons at the pump, which is expected to boost sales figures for the company.

Since the beginning of the year, the value of Total CI’s share has already fallen by 18% on the BRVM, but there has been a slight shudder since the beginning of April, with a cumulative increase of 5.8%.