!DOCTYPE html>
All for Joomla All for Webmasters

 

Cameroonian palm oil production firm, Société des palmeraies de la ferme suisse (SPFS),drops in revenue earnings

The palm oil production of the Société des palmeraies de la ferme suisse (SPFS), a Cameroonian agro-industry owned by the Socfin group, showed “a slight drop” during the first quarter 2016, compared to the same period in 2015. The information can be found in an official report from the Socfin group.

Associated to the Boko Haram threat, which according to the said report, “still limits refined oil exports, thereby giving a downward influence to selling prices”; this decline in the production of SPFS during the first quarter 2016 led to, we learned, “an important drop” in the net profit of this company, compared to the first quarter 2015.

A company specialised in the refinery of palm oil, SPFS is wholly-owned subsidiary of the Société camerounaise de palmeraies (Socapalm), an agro-industry unit listed on the Douala Stock Exchange (DSX), the country’s stock market.

A company with a capital of FCfa 2.6 billion, SPFS had a turnover of €8.813 million in 2015, equivalent to FCfa 5.7 billion. This performance is slightly lower than the €8.994 million in 2014.

Concord Newsdesk

A plea from Cameroon Concord........

Thank you for reading our magazine, we have a plea to ask you our readers. Over the last two years, hits on our articles have been climbing, we have had an increase in clicks and also a broader reading audience on our social media channels.Our readers have been writing to us requestion for news updates from Cameroon/Southern Cameroons. We have as well been trying to give you the best we can, however, we are short of finances to recruit reporters to carry on independent and investigative journalism which takes a lot of time, money and hard work to produce. We are therefore pleading on you to support our efforts for this platform to be able to keep up the good work we are doing.

For as little as €1, you can support Cameroon Concord– and it only takes a minute. Thank you.

 

Website: www.cameroon-concord.com Email This email address is being protected from spambots. You need JavaScript enabled to view it.
Share your views on this article

Headlines On Cameroonian English Tabloids

Modern Villa For Sale in Yaounde Cameroon

Cameroon Concord  is an online publication covering and reporting on  local and world news, sports, entertainment, politics, business, and religious news. Serving Cameroonians .

Newsletter

 

Get the latest news and information delivered directly to your inbox by subscribing to our news alerts.

ADVERTISE

Top
X

Right Click

No right click

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…