The company has announced a N4 per share dividend.
TotalEnergies Nigeria, which late June announced a name change from
The Nigerian unit of the
But its half-year earnings report issued Thursday and seen by PREMIUM TIMES showed a resounding comeback to profitability, with net profit at N8.065 billion, helped by steady oil recovery as world economies continue to restart industrial operations and ease lockdown curbs that have tightened their stranglehold on energy demand.
Total sales climbed to N151.333 billion, relative to the N106.705 billion recorded in the same period of last year, while pre-tax profit stood at N11.779 billion. That compares with a N796.920 million loss incurred at half year 2020.
TotalEnergies is nursing the hope of growing its revenue to N66.03 billion this quarter. Its parent company has announced a grand ambition to cut carbon emission by 40 per cent by 2030 and zero twenty years after in fidelity to the global transition to cleaner energy.
Meanwhile, the board of the energy group's Nigerian unit has declared it would pay shareholders whose names appear on the company's register of members by
Investors willing to benefit from the largesse must buy the company's shares before the said date to qualify for the dividend which will be paid to stockholders on
Shares in TotalEnergies were quoted at N168 per unit in
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