By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Petroleum Marketing Giants Total Nigeria Plc Friday posted a 37.5 percent (37.5%) increase in Profit After Tax (PAT) for the Second Quarter (Q2) Report for the Period Ended June 30 2012.

This is contained in the Result Announcement by the Company to the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available to www.investadvocateng.com

To record the increase in PAT, Total Nigeria recorded N2.924 billion in the Q2 of 2012 compared to N2.126 billion in the same period of year 2011; indicating an increase of 37.5% PAT.

Profit Before Tax (PBT) also grew N3.306 billion in the Q2 of year 2011 compared to N4.466 billion in the review period of year 2012; showing a growth of 35.1%.

Turnover appreciated by 25.5% as the Company recorded N109.839 billion in the Q2 of year 2012 compared to N87.488 billion in the same period of year 2011.