“Oragroup’s Financial Performance Analysis and 2022 Projection: Insights and Considerations for Investors”

2023-05-15 19:46:47

Engaged in a sale process that has experienced upheavals, Oragroup was expected at the crossroads of the balance sheet. Also, the 2022 financial year as presented on the website of the Regional Stock Exchange (BRVM), suggests an increase in NBI of 18% to 222.4 billion FCFA. But in the end, the operating resultof 19.200 billion FCFA, will not be without giving rise to timely reconsiderations with the level of valuation retained by the investment bank in charge of the sale.

As for the net income group share, it is 8.749 billion FCFA, down 18% between the two years. Rather modest for a group present in Benin, Gabon, Guinea, Mauritania, Chad, Togo, Burkina Faso, Côte d’Ivoire, Guinea Bissau and Mali, Niger and Senegal. The subsidiaries in Mali, Mauritania and Chad are loss-making for the second consecutive year. Orabank Mauritania shows a net loss of – 3.49 billion FCFA. Mali shows a delay of -2.7 billion FCFA and Chad widens the losses with -8.5 billion FCFA.

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