Total Nigeria records loss for the first nine months of 2019 

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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.

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

Download the full report here.