Total Nigeria Plc has released its unaudited financial statements for the three quarters ended September 31st, 2019. The report shows unimpressive performance, even as the company ran at a loss. Below is a brief summary of the financial report.

Revenue: Between January and September 2019, Total Nigeria Plc earned N221.8 billion, which is about 2% less than N226.9 billion it reported for the first nine months of 2018.

[READ MORE: Q3 2019: UBA grows net profit by 32.3%, as gross earnings hit N428.22 billion]

Loss Before Taxation: This stood at N116.9 million compared to N11.4 billion that was recorded as at September 2018.

Loss for the period: The company also recorded a loss of N204.8 million over the nine-month period ended September 31st, 2019. This is abysmal when compared to a profit after tax of N7.6 billion in September 2018.

Business day

Meanwhile, earnings per share reduced to N0.66 in September 2019 compared to N22.58 in September 2018.

Download the full report here.

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