Total Nig Plc 2013 Q1 Results: Hit By Finance Cost

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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