* Sees organic revenue growth in 2014 after 0.1 pct rise in 2013 * 2013 net profit down 2.0 pct at 1.59 bln as expected * African improvement in Q4 * Shares up 3 pct, among strongest among European blue chips (Adds shares, margin, cost savings, CEO on Nigeria, Mexico) […]
Author: InvestAdvocate
Total’s Quarterly Profit Drops as Refining Margins Narrow
Total SA (FP), Europe’s third-largest oil producer, reported a 19 percent decline in fourth-quarter profit as refining margins in the region narrowed and output dropped. The company raised its dividend. Profit excluding changes in inventories dropped to 2.47 billion euros ($3.4 billion) from 3.04 billion euros a year earlier, the […]
SocGen raises dividend payout after swing to fourth-quarter profit
French bank Societe Generale (SOGN.PA) pledged on Wednesday to return more capital to shareholders in 2014, after a swing to a fourth-quarter profit capped a long-running push to boost the strength of its balance sheet. France’s No. 2 listed bank has sold assets, cut jobs and pulled out of markets […]
