Capital

Total Nigeria Offers Investors N14.00 Dividend* As Pretax Profit Decline 42.0% in 2017

BY NKECHI NAECHE—-Total Nigeria Plc at the weekend said it has proposed a dividend of N14.00kobo per share for its investors for the year ended 31 December 2017.

The company added that its pretax profit for the period ended December 31, 2017 deprecated by 42.0 percent to N11.79 billion from N20.35 billion recorded a year earlier.

While post-tax profit for the same period of 2017 stood at N8.01 billion from N14.79 billion declared in the 2016 financial year; indicating a drop of 45.8 percent.

It’s revenue came down slightly by 1.0 percent to N288.06 billion in the review period of 2017 when compared to N290.95 billion in 2016.

The notice further said the qualification date is March 16, 2018; while closure date is 19-23 March, 2018. Annual General Meeting (AGM) and payment dates has been scheduled for June 21 and 22, 2018 respectively.

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