Wednesday 29 July 2015

TOTAL NIGERIA REPORTS 10% H1 PRE-TAX PROFIT DECLINE

Total Nigeria reports 10% H1 pre-tax profit declineTotal Nigeria Plc has posted 10 per cent drop in profit before tax for the half year ended June 2015. In a filing with the Nigerian Stock Exchange (NSE), the company’s pre-tax profit declined from N2.178 billion during the comparable period of 2014 to N1.967 billion, accounting for a drop of 10 per cent. Gross earnings of the fuel marketer also dipped to N111.974 billion from N120.157 billion in the previous year.

Total had reported 79 per cent drop in net earnings for the first quarter ended March 31, 2015.

Read more @ New Telegraph

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