Total Nigeria Plc, a marketing and services subsidiary of Total which is a multinational integrated oil and gas company, released its Q2 2021 Unaudited results for the period ended June 30th, 2021.
Total Nigeria’s Profit before tax grew by 1,601.5% to N8.1 billion on the back of a 42% growth in revenue to N151.3bn from N107bn in the previous quarter. Profit before tax stood at N11.8bn while its Net Assets dropped by 10% from N28bn to N26bn.
Total Nigeria recorded cost of sales for the period at N125.8 billion, +33.4% YoY, while its administrative expenses climbed by 16.3% to N13.8 billion. Earnings per share was N23.8 (+1,601% YoY).
The Board of Directors of Total Nigeria Plc in a recent meeting held on the 19th of July 2021, has declared an interim dividend of N4.00 per ordinary share of 50 kobo for the period ended June 30, 2021.
Total Nigeria Plc has been a leader in the downstream sector of the Nigerian oil and gas industry for over 50 years. The first Total filling station was commissioned in Lagos in 1956.