Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

BRVM-Listed Tractafric Motors Returns to Profit After Previous Loss

Daba Finance/BRVM-Listed Tractafric Motors Returns to Profit After Previous Loss
BREAKING NEWSMay 6, 2025 at 11:48 AM UTC

TLDR

  • Tractafric Motors Côte d'Ivoire (BRVM: PRSC) reported a net profit of 2.35 billion FCFA ($4.1 million) for fiscal year 2024, rebounding from a 916 million FCFA ($1.6 million) loss in 2023
  • The Ivorian vehicle distributor posted this profit despite a 4.1% decrease in total assets to 45.2 billion FCFA ($78.3 million) from 51.2 billion FCFA ($88.7 million) a year earlier
  • The company will distribute dividends of 2.12 billion FCFA ($3.7 million), representing 207 FCFA per share, with 3.44 billion FCFA ($6 million) carried forward

Tractafric Motors Côte d'Ivoire (BRVM: PRSC) reported a net profit of 2.35 billion FCFA ($4.1 million) for fiscal year 2024, rebounding from a 916 million FCFA ($1.6 million) loss in 2023. The Ivorian vehicle distributor posted this profit despite a 4.1% decrease in total assets to 45.2 billion FCFA ($78.3 million) from 51.2 billion FCFA ($88.7 million) a year earlier.

Commercial margin improved dramatically to 13.1 billion FCFA ($22.7 million) from negative 167.3 million FCFA (-$289,800) in 2023. Improved inventory management contributed to this recovery, with a positive variation in merchandise stock of 3.2 billion FCFA ($5.5 million).

The company will distribute dividends of 2.12 billion FCFA ($3.7 million), representing 207 FCFA per share, with 3.44 billion FCFA ($6 million) carried forward. Customer receivables decreased to 11.1 billion FCFA ($19.2 million) from 14.3 billion FCFA ($24.8 million), indicating improved collection efficiency.

Daba is Africa's leading investment platform for private and public markets. Download here

Key Takeaways

Tractafric Motors, a subsidiary of the Optorg Group, is a major automotive distributor in West and Central Africa, specializing in Mercedes-Benz, Mitsubishi, and other vehicle brands. The company operates in 23 African countries. The automotive sector in Ivory Coast faced challenges in recent years, including supply chain disruptions and economic headwinds. However, improved business conditions in 2024 helped stabilize operations for major distributors. Vehicle imports to Ivory Coast have been recovering after pandemic-related disruptions, with the premium segment showing resilience. Tractafric's return to profitability reflects both operational improvements and a stabilizing market. The company's focus on after-sales service and parts distribution, which typically offer higher margins than new vehicle sales, has likely contributed to its financial recovery despite ongoing challenges in the automotive supply chain.

Stocks
Tractafric Motors
BRVM
PRSC
Equities
Finance

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved