By InvestAdvocate
Click here to download Total Nigeria Plc 2016 Financial Year End Report
Lagos (INVESTADVOCATE)-Oil marketing major, Total Nigeria Plc on Thursday said its pretax profit for the period ended December 31, 2016 jumped 213.4 percent to N20.3 billion from N6.4 billion recorded a year earlier.
Also, post-tax profit for the period appreciated 265.6 percent to NN14.7 billion from N4.0 billion declared in the 2015 financial year end (FYE).
Total Nigeria said revenue of the company increased from N208.0 billion in 2015 end to N290.9 billion in the review period of 2016; indicating an increase in revenue of 39.9 percent, the oil marketer said in a filing with the Nigerian Stock Exchange (NSE).
Meanwhile, the company has proposed a dividend of N7.00 per share to its shareholders, same as what was paid in 2015 end.
In its corporate action to the NSE, Total Nigeria said qualification date is April 14, 2017; while closure date is 17-21 April, 2017. Annual General Meeting (AGM) and payment dates has been scheduled for June 9 and 12, 2017 respectively.
Shares of Total Nigeria at the close of the trading session on the domestic bourse depreciated 1.95 percent to N274.55 from N280.00 recorded the previous session; thereby losing N5.45 per share
