Total Nigeria Revenue Dropped by 31.61% amid Increasing Bottom-Line Performance

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

Ibadan-Born Billionaire, Harry Akande is dead

Harry Ayoade Akande has died at the age of 77. He died on Saturday morning of an undisclosed ‘brief...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -
TOTAL NIGERIA PLC Q3-2020 shows a decline in revenue by 31.61% to N151.71 bn from N221.84  recorded in the third quarter of 2019. Cost of sales also declined by 33.58% reducing the pressure of the low revenue on the gross profit.

Notably, gross profit declined by 16.20% to N21.029 compared to the N25.09 billion recorded in Q3-2019. A sharp decline of 77.69% was however witnessed on the Operating profit following an increase in operating expenses.

Total Nigeria Revenue Dropped by 31.61% amid Increasing Bottom-Line Performance

Finance Income Buoyed Bottom-line to a Profit Making Position

Surprisingly, Total Nigeria’s Profit Before Tax moved from a loss position of N116 mn in 2019 to a profit of N912 mn in the current period following a surge in Finance income from N0.29 bn to N2.20 bn. This was also supported by a 58.26% decline in finance cost. Consequently, Profit After Tax improved to N500mn from a loss of N204 mn in Q3-2019.

- Advertisement -
Total Nigeria Revenue Dropped by 31.61% amid Increasing Bottom-Line Performance - Brand SpurTotal Nigeria Revenue Dropped by 31.61% amid Increasing Bottom-Line Performance - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Total Nigeria Revenue Dropped by 31.61% amid Increasing Bottom-Line Performance - Brand SpurTotal Nigeria Revenue Dropped by 31.61% amid Increasing Bottom-Line Performance - Brand Spur

Latest News

Ibadan-Born Billionaire, Harry Akande is dead

Harry Ayoade Akande has died at the age of 77. He died on Saturday morning of an undisclosed ‘brief...

NSE ASI Revs by 0.72% on Insurance, Oil/Gas Stocks

In line with our expectations, investors in the equities market remained bullish, especially on insurance and oil & gas stocks. Hence, the All-Share Index...

Red Hat Releases 2021 Global Tech Outlook Survey

For the fifth consecutive year, Red Hat has released its annual Global Tech Outlook. This survey of IT leaders covers the top IT challenges and funding...

Net Inflow Worth N281.10 billion via OMO Create Liquidity Ease.

In the just concluded week, CBN refinanced only N60 billion of the N341.10 billion treasury bills which matured via the Open Market Operation (OMO)....

Naira Gains against the USD at BDC, Black Markets amid New Forex Policy…

In the just concluded week, Naira gained against the USD at the Bureau De Change (BDC) and parallel (“black”) markets by 4.12% and 4.04%...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Total Nigeria Revenue Dropped by 31.61% amid Increasing Bottom-Line Performance - Brand SpurTotal Nigeria Revenue Dropped by 31.61% amid Increasing Bottom-Line Performance - Brand Spur