CMR realised 3,376b CFA francs from petroleum deposits in 2013

Cameroonian society of petroleum deposits (SCDP) announced in a press release that it ended its financial year 2013 on profit net of 3,376 billion Cfa francs, an increase of about 500 million Cfa francs from 2012, where the company announced a profit of 2,885 billion Cfa francs.

According to the minutes of the extraordinary General Assembly (AG) of this company held in Douala on June 23, 2014, the shareholders of this operator in the oil sector adopted the recommendation of the Board of Directors to allocate the sum of 1 billion Cfa francs to the distribution of dividends.

At the same time, the 2.376 billion Cfa francs remaining helped bail out the company's free reserves, which now stands at 12,615 billion Cfa francs.

Majority-owned by the Cameroonian State (51%), other shareholders of SCDP are major distributors of petroleum products groups in the national territory (49%).

With a capital of 3.5 billion Cfa francs, SCDP has four missions to ensure the storage of petroleum products needed for domestic consumption, the setting up of security stocks (State-owned) and coverage of all Cameroonian territory through its network of deposits.