Ivorian rubber producer SAPH H1 net profit soars

Newswire

ABIDJAN, Aug 27 (Reuters) - Ivory Coast natural rubber producer SAPH on Friday said first-half net profit soared to 19.56 billion CFA francs ($38 million), 14 times its profit in the same period last year. The huge increase was largely due to rises in the price of rubber on the international markets and increases in the company's own production, a statement released on the West Africa BRVM bourse said. (Editing by Erica Billingham)

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