July 25, 2020

By InvestAdvocate

Lagos (INVESTADVOCATE)-Total Nigeria Plc on Friday declared a loss of N537.18 million for the half -year (H1) period ended June 30, 2020 compared to a profit after tax (LAT) of N130 million posted the same period of 2019, the oil marketing major said in a filing with the Nigerian Stock Exchange (NSE).

The company recorded a Loss before tax (LBT) of N523.89 million compared to a profit before tax (PBT) of N202 million declared in the H1 period of 2019.

Revenue of Total also dipped 29.3 percent to N106.70 million in HI 2020 from N150.83 million reported the same period of 2019.