Revenues & other income stood at XOF 425.05 billion, representing an 17.34% increase compared to 2017. This rise could be explained by the higher retail fuel price observed in Côte d’Ivoire in 2018 coupled with higher volume sold y/y. In this context, the gross margin lost 16 basis points to 15.19% compared to 16.60% at the same period last year due to major swings of the international oil price during the year which affected the cost of sales (+19.33% from XOF 360 billion vs 302.09 billion).
Hudson is an integrated securities firm, member of the West Africa regional stock exchange (BRVM) that offers a large array of financial services including brokerage, custody, sell-side research, investment management, investment banking and advisory, issuer services. Hudson's African and International client base includes governments, financial institutions, high net worth individuals, and corporate from various industries.
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