By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketing major, Total Nigeria Plc said on Thursday its 2014 pretax profit declined 32 percent to N5.55 billion from N8.12 billion recorded a year earlier.

Similarly, profit after tax (PAT) dropped 17 percent to N4.42 billion in 2014 from N5.33 billion reported in 2013 audited year end.

Revenue inched up marginally by one (1) percent to N240.61 billion from N238.16 declared in 2013 financial year end, the company said in a filing with the Nigerian Stock Exchange (NSE).

The oil marketing major in its corporate action to the NSE proposed a dividend of N9.00 per share to investors of the company unchanged a year ago. Investment One Research say dividend yield is 6.25 percent based on today’s closing price.

According to Total Nigeria, closure date is 20-24 April 2015, while annual general meeting (AGM) date has been scheduled for June 10, 2015; payment date for the N9.00 dividend is June 12, 2015.