SOPECAM : 2022 Financial Management Records Approved

The 69th ordinary session of the Board of Directors of the Cameroon News and Publishing Corporation, (SOPECAM) SCP, has approved and adopted the 2022 financial accounts of the company. The session was presided at by the chairman of the Board of Directors, Joseph LE yesterday July 4, 2023 in Yaounde, in the presence of the General Manager of SOPECAM, Marie-Claire Nnana, assisted by the Deputy General Manager, Shey Peter Mabu. The new representative of the Presidency of the Republic, Professor George Ewane Ngide was also present. It was a gathering which also allowed Joseph LE to urge the management and personnel of SOPECAM to redouble their efforts in ensuring better results.
The gathering permitted the board members of SOPECAM to effectively examine the financial report of 2022. An analysis of documents during proceedings showed that the company made profit in 2022. Minister LE said SOPECAM's performance indicators improved significantly in 2022 compared to the previous year. However, he lamented that the company still remains in turbulent zone. Reason why everybody needs to work hard in a bid to ensure an effective development of the corporation. 
Statistics indicated that SOPECAM’s assets and liabilities totalled FCFA 20,973,982,773 on 31 December 2022, compared to FCFA 18,872,030,561 as of 31 December 2021. This represents an increase of FCFA 2,101,952,212 in absolute terms and 11.14 per cent in relative terms.  Also, sales as of 31 December 2022 amounted to FCFA 5,880,406,079, compared to FCFA 5,398,638,598 of 31 December 2021. This represented an increase of FCFA 481,767,481 in absolute terms and 8.92 per cent in relative terms. With such positive results and given the national economic context, marked by the war in Eastern Europe, inflation in the prices of raw materials, inputs, goods and services linked to the printing industry, the reduction in the communication budgets of public and private administrations, as well as the persistence of security crises, the chairman of the board of directors said such a performance is co...