Total Nigeria expects N66bn revenue in Q3

Lagos -- Total Nigeria Plc has said it expects a revenue of N66.03 billion in the third quarter, July to September, of this year.

It also projects a gross profit margin of 17.22 per cent within the period.

The company, in its earnings forecasts for the third quarter of the year, also projected profit after tax of N2.34 billion and profit before tax of N3.46 billion.

Total Nigeria said it would spend about N1.2 billion on the purchase of fixed assets.

After accounting for changes in cash flows from financing, investing and operating activities, Total sees its cash and cash equivalents closing at N10.28 billion by September 31.

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