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CAMEROON: Societe Generale will distribute a profit of 9.7 billion CFA francs to its shareholders.

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Societe Generale bank Cameroun announces that its shareholders will share a dividend of 9.7 billion FCFA by 2016 at the latest on September 30th.

The distribution to shareholders of CFAF 9.7 billion corresponds to a gross dividend per share of FCFA 7,778 before withholding tax on income from movable capital (IRCM). After this deduction, the net dividend per share will be FCFA 6,495 for shareholders domiciled in Cameroon and abroad outside France (IRCM = 16.5%). For those domiciled in France, the net dividend per share is 6,611 FCFA (IRCM = 15%).

In 2016, Societe Generale Cameroun (SGC) reported that its net cash position stood at 44 billion CFA francs, compared to 59 billion CFA francs in 2015. Subject to the opinion of the Statutory Auditors, the synthesis of SGC’s activity during the year FY 2016 highlights the main financial aggregates according to which the balance sheet total after inventory is CFAF 748.5 billion. Shareholders’ equity (before income for the period) is CFAF 73.148 billion.

Source: Cameroon24 / By S.A