By InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketer, Total Nigeria Plc said on Thursday its profit after tax (PAT) for the third quarter (Q3) period ended September 30, 2017 declined 48.8 percent to N5.95 billion from N11.63 billion posted a year ago.

Profit before tax (PBT) also depreciated 43.1 percent to N9.67 billion from N17.0 billion in the corresponding period of 2016.

Revenue of the oil marketing firm, inched up from N220.21 billion to N221.19 billion in the review period of 2017. TOTAL said in a filing with the Nigerian Stock Exchange (NSE).

Total offered a N3.00 per share dividend to its shareholders and said qualification date is December 1, 2017, while closure date is between December 4 to 8, 2017.

The oil marketing major is expected to pay investors who qualify for the dividend on December 18, 2017.