Alios Finance Ivory Coast Reports $1.9 Million Loss

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.

(Corrects amount of loss in first paragraph.)