Total Nigeria Out Of The Red, Into The Pink
operating activities becoming a net consumer of cash to the tune of over N14 billion at half year against a net cash generation of close to N10 billion in the same period last year.
lies in the first half, meaning that the disappointing performance is likely to follow it to full year.
A marginal decline happened in 2018 while the current year looks likely to establish the biggest profit fall and the lowest profit mark since the beginning of the present decade.
of a fall after a rise of 7 percent in 2018. Sales revenue is projected to be in the region of N285 billion for Total Nigeria at the 2019 close. This will be a drop of 7 percent from the closing
revenue figure of N308 billion in 2018.
brink of a loss but a modest finance income of N208 million saved the day for Total Nigeria at the end of June 2019.
percent in gross profit to N16.7 billion at half year.
which was slightly insufficient to meet finance expenses during the period.
sharp growth in balance sheet borrowings. The company’s debts grew by 53 percent to over N52 billion within the first six months of the year. The company’s debt profile has continued to
swell from N13 billion in 2017.
end of 2018 and paid a total cash dividend of N17 per share.
come by dipping hands into retained earnings. Besides, the cash flow to back it up will still have to be found.
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