August 27, 2013 / 5:33 PM / in 4 years

Ivory Coast's Saph reports H1 net profit down 24 pct

ABIDJAN, Aug 27 (Reuters) - Ivory Coast natural rubber producer Saph posted a 24 percent fall in first half net profit to 8.65 billion CFA francs ($17.66 million) on Tuesday which it blamed on lower rubber prices.

Turnover dipped to 83.96 billion CFA francs from 88 billion in the same period last year, the company said in a statement posted on the website of West Africa’s BRVM regional stock exchange.

$1 = 489.7580 CFA francs Reporting by Loucoumane Coulibaly; editing by David Lewis and Jason Neely

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