Declining world rubber prices reduces Safacam 2014 income net

The company, Société Africaine Forestière et Agricole du Cameroun (Safacam), quoted on the Douala Stock Exchange (DSX), has achieved a net result for 2014 after taxes of 1.8 billion Cfa francs, against 2.8 billion Cfa francs in 2013, revealed a statement published by the company.

Calculator in hand, the net result is down from one billion Cfa francs from the previous year.

According to the Auditors of Safacam, this fall in profits of the enterprise in 2014 is because of the decline in production and world prices of rubber last year.

Indeed, Safacam palm oil production has risen by 8% in 2014, that of rubber, on the other hand, dropped by 12% over the same period, while world prices of the raw material decreased by 31% last year.

Despite this, Safacam will distribute almost 1.4 billion Cfa francs to shareholders as a dividend of the year 2014, at 1120 Cfa francs per share before tax.

The Board of Directors of the company has adopted September 30, 2015 as the deadline for the provision of this dividend.