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EN
Defying Sales Dip, Tradex Posts CFA15Bln Net Profit for 2024
['Business In Cameroon', 'Economie', 'Banking', 'Energy', 'Comms', 'Media', 'Law', 'Insurance', 'Public Management']
Business in Cameroon
(Business in Cameroon) - Tradex SA reported a net profit of 15 billion CFA francs for the 2024 financial year, its highest level ever, even as revenue declined by 5.4% to 367 billion CFA francs from 388 billion CFA francs in 2023.
That year, its revenue was 230 billion CFA francs with a net profit of 7 billion CFA francs.
Revenue saw a slight increase to 246 billion CFA francs in 2021, while profit dipped to 5 billion CFA francs.
In 2022, the company accelerated its performance, with 354 billion CFA francs in revenue and 11 billion CFA francs in net profit.
From 2019 to 2024, the company invested 8.2 billion CFA francs to modernize and expand its network.
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