SAFACAM Maintains Net Despite Fall In Rubber Prices

The Agricultural and Forestry Company, known by its French acronym as SAFACAM, made circa FCFA 40 million net income after tax in 2014 and 2015, despite a 13 percent fall in rubber prices.

According to the official financial statements of the company listed on the Douala Stock Exchange, the company’s 2014 earnings increased.
This increase could be likened more to an achievement, taking into account the decrease in rubber prices, one of the main products of SAFACAM.
Even though SAFACAM rubber production increased by 4 percent in 2015, the average selling price per kilogram experienced a 13 percent decrease compared to the preceding year.

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Author: achablah

I am a Student Journalist in the University of Buea

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