(Business in Cameroon) - The Douala Stock Exchange’s (DSX) first listing, Société des eaux minérales du Cameroun (SEMC), made a net profit totalling 261.9 million FCFA for the period that ended on December 31, 2014. This is a significant increase relative to the first quarter of 2014 when SEMC had already announced a 36 million FCFA profit.

With this 2014 result, SEMC is finally turning a profit after two consecutive years of losses. Indeed, a subsidiary of the Castel group’s Brasseries du Cameroun, the company closed 2013 with -319 million FCFA, compared to -50.5 million FCFA in 2012.

SEMC is the DSX company with the worst results in 5 years, far behind Safacam and Socapalm. This was due to the fierce competition in Cameroon’s mineral water market.