Alios Finance Ivory Coast Reports $1.9 Million Loss

(Corrects amount of loss in first paragraph.)

Alios Finance Group’s Ivorian unit posted a loss of 1.01 billion CFA francs ($1.9 million) for fiscal 2011 compared with a profit of 230 million francs a year earlier.

The Abidjan-based lender commented in a statement e-mailed by the regional bourse today.

To contact the reporter on this story: Olivier Monnier in Abidjan at omonnier@bloomberg.net

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net

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