SCDP recorded net profit of 3.376 trillion FCFA in 2013

Société camerounaise des dépôts pétroliers (SCDP) announced in a recent release that it closed 2013 with a net profit of 3.376 trillion FCFA. This result is 500 million FCFA higher than in 2012 when the company made 2.885 trillion FCFA.

According to the report from the extraordinary general assembly held June 23, 2014, the company’s shareholders adopted the board’s recommendation to disburse one billion FCFA in dividends.

At the same time, the remaining 2.376 trillion FCFA will help to fill the company’s free reserves, now totalling 12.615 trillion FCFA. A majority State-owned company (51%), SCDP’s other shareholders are large oil product distributors (49%) in Cameroon.

With 3.5 billion FCFA in capital, SCDP’s main mission involves ensuring adequate quantities of oil products for domestic consumption, putting in place security reserves (property of the State) and providing a national network of depots.