Cape Verde weaker performance

Cape Verde weaker performance
Published: 21 July 2006


Secil said that its performance in Cape Verde last year was rather weak due to sizeable losses in the group’s operations in the archipelago. Sales from Inertes de Cabo Verde (ICV) fell 17 per cent in tonnage to 87,000t and 22 per cent in value to Euro 1.04m as a main customer “significantly reduced its orders.” Secil increased its shareholding to 65 per cent in Intertrade, an ICV subsidiary, last year.