Total Nigeria Plc has approved an interim dividend of N1.358 billion representing N4.00 per share for the half year unaudited financial results ended June 30, 2021.
This is, according to an official disclosure signed by the company’s secretary, Bunmi Popoola-Mordi and sent to the Nigerian Exchange (NGX) Limited, yesterday.
According to the notice, on September 13, 2021, an interim dividend of N4.00 per share, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on August 13, 2021.
The company’s half year results showed that revenue grew by 42 per cent to N151.333 billion from N106.705 billion in H1, 2020. Cost of sales increased by 121.95 per cent to N70.621 billion, compared to N31.818 billion in H1, 2020, while gross profit stood at N14.016 billion as against N4.646 billion in 2020.
Also, profit after tax rose by 1,601 per cent to N8.066 billion as against loss after tax of N537.188 million in 2020, while earnings per share closed the period under review at N15.01. Shareholders’ fund increased by 17 per cent from N28.151 billion to N32.821 billion.
The chairman of Total Nigeria, Stanislas Mittelman at the company’s annual general meeting (AGM) held recently said: “We are in an era of transformation, Total’s new ambition is to achieve net zero emissions by 2050 together with the society.”
According to him, “this is in consonance with the federal government of Nigeria’s national gas expansion programme. Going forward, the federal government has announced that compressed natural gas, liquefied petroleum gas and liquefied natural gas are expected to be the fuel of choice for many government-owned cars.”