Total Nigeria Plc released its 2013 Q1 results with revenue rising 20% to N61billion. Gross Profit also rose 28% to N7.7billion as margins improved to 12.6%. Operating profit also improved to N2.3billion compared to same period last year (2011 Q1: N1.7billion). Pre-tax profits however, dropped by 1.1% to N1.85billion when compared to the same period last year due to the sharp increase in finance cost (N597million).
Key Highlights
- EPS dropped 5.6% to N3.3
- Debt to equity is a whopping 1.29
- Margins appear stable so are operating expenses
- Return on equity is still high at 10%
- Share price up 8.86% to N172
- They will pay a dividend of N8 per share on 17/6/2013
- They forecast an PBT of N2.3billion in Q2
Total Oil Plc 2013 Q1 results was posted on the website of the NSE
