Total Nigeria grows profit after tax by 1,601.5% to N8.1 Billion

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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).

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

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.

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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.

Total Nigeria

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