Total Nigeria Plc is a Nigeria-based company, which operates in the downstream sector of the oil and gas industry. The Company is primarily engaged in the marketing and distribution of refined petroleum products. The Company’s segments include Network, General Trade and Aviation.
The Company’s management hit the market with its audited full year results on 29th of March 2019 and the reports showed a marginal decline in Profit After Tax (PAT) of 0.73%, settling at N7.960 billion below 2017’s records of N8.019 billion.
The turnover figures appreciated to N307.9 billion in the period under review from about N288 billion of 2017, which represents year on year growth of 6.92%.
Shareholders of the leader in the downstream sector of the Nigerian oil and gas industry shed about 1% of their earnings per share, which keeps the figure as at the end of the period under review at N23.45 as against the previous year’s N23.62.
The PE Ratio stands at 8.36x and earnings yield of 11.96%.
However, the Management of the company proposed N14.00 per share as dividend, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members.