To­tal Nigeria profit in­creases by 14% in 2013

Daily Trust - - BUSINESS NEWS -

Gaso­line mar­keter To­tal Nigeria, a unit of France’s To­tal, posted a 14 per­cent in­crease in 2013 full year pre-tax profit to 8.12 bil­lion naira ($49.23 mil­lion), com­pared with 7.09 bil­lion naira in the pre­vi­ous year.

To­tal rev­enue also rose to 238.16 bil­lion naira, from 217.84 bil­lion naira. The fuel mar­keter pro­posed a div­i­dend of 9 naira per share to share­hold­ers payable on June 16, in a fil­ing with the Nige­rian Stock Ex­change.

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