Total Nigeria Plc has recorded a profit after tax of N8.02 billion for its audited year end result for the period ended December 31, 2017.
Also, the company declared a final dividend of N4.75 billion, representing N14 per share for the period, while the management had earlier distributed the sum of N1.02 billion as interim dividends, representing N3 per share, making the dividend declared during the period of 2017 to be N17 per share.
According to the company’s results posted on the Nigerian Stock Exchange (NSE), the profit after tax went down by 45.8 per cent from N14.58 billion in the corresponding period of 2016, leading to an earnings per share decline of 45.8 per cent to N23.62.
The revenue for the period stood at N288.06 billion from N290.95 billion in 2016, cost of sales went up to N258.767 billion from N241.85 billion, while gross profit went down from N29.3 billion from N49.1 billion.