Total Nig. Plc- Profit After Tax Increased By 28.70% YoY For 9M-2018

Total Nig. Plc- Profit After Tax Increased By 28.70% YoY For 9M-2018

Dear Client/Reader,

The topline result of Total Plc. showed a slight movement of 2.58% in revenue that increased to N226.9bn from N221.2bn that was recorded in 9M’2017. The cost of sales for the period also reduced by 1.34% (YoY) from N198.6bn to N196bn. The marginal increase of 2.58% in Revenue and decline of 1.34% recorded in cost of sales pushed gross profit up by 37% from N22.6bn to N31bn.The firm reported a decline of 69% in other income resulting from foreign exchange loss of about N902 mn as against N2.6bn recorded in 9M’17. However, Profit before tax increased by 18.2% from N9.7bn in 9M’17 to N11.4bn while the Profit after tax for the period also grew by 29% to N7.7bn as against N6bn recorded a year ago. Eps currently stands at N22.58 up by 29% from N17.54 while the company declared a dividend of N3 per share.

Key Multiples/Ratios

  Book Value Per Share- 88.89

 Gross Profit Margin- 13.65%

  Net Profit Margin-  3.38%

  Return on Equity – 25.40%

  Return on Asset-    5.95%

  Cost of Sales Margin- 86.35%

  Price to Book Value- 2.23x

Please find attached Total Nig. Plc. 9M-2018 result.

Earnings Flash-Total Nig Plc. 9M-2018

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