Total Energies reports N12.91bn profit in FY 2023, declares N25 dividend to shareholders

Total Energies Marketing Nigeria Plc has declared a final dividend of N25 to its shareholders for the year ended 31 December 2023.

The Oil Company reported a turnover of N635.95 billion for the 12 months period, up by 31.8% from N482.47 billion reported the previous year.

Profit after tax of N12.91 billion was achieved for the year under review, down by 19.89% from N16.12 billion reported the previous year.

Earnings per share of the Company stands at N38.03.

At the share price of N346.50, the P/E ratio of Total Energies stands at 9.11x with earnings yield of 10.98%.

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