Total Nigeria Reports 5% Drop in Q3’ 15 Pretax Profit, Offers N2.00 Interim Dividend

By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketing major, Total Nigeria Plc said on Thursday its pretax profit for the period ended September 30, 2015 dropped five (5) percent to N4.009 billion from N4.204 billion recorded a year ago.

Similarly, profit after tax (PAT) declined 19 percent to N2.132 billion from N2.648 billion in the same period of 2014.

In the same vein, revenue of the company dipped from N177.807 billion in the Q3 of 2014 to N159.299 billion in the review period of 2015; showing a decline of 10 percent, Total Nigeria said in a filing with the Nigerian Stock Exchange (NSE).

The company offered a N2.00 per share interim dividend to its shareholders saying qualification date is November 27, 2015; while closure date is November 30 to December 4, 2015. Payment date has been scheduled for December 14, 2015.

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