Total Energies marketing Nigeria reports 4.41% post-tax profit decrease for period ended December 2022

Key Highlights

• The company reports its profit after tax to be 4.41% lower compared to last year

Total Energies marketing Nigeria Plc has released its audited financial report for the period ended December 31st, 2022 reporting a profit after tax of N16.1 billion.

This represents a 4.41% decrease from the N16.8 billion which the company reported during the same period in 2021.

Key details of the audited financial report are summarized below

Revenue

• December 2022: N482.4 billion
• December 2021: N341.3 billion
• Change: +41%

Total operating profit

• December 2022: N16.1 billion
• December 2021: N16.9 billion
• Change: -4.45%

Pre-tax profit

• December 2022: N24.5 billion
• December 2021: N7.4 billion
• Change: -1.22%

Net Profit after tax

• December 2022: N16.1 billion
• December 2021: N16.8 billion
• Change: -4.41%