TotalEnergies’ Nigerian Retail Business Bounces Back as Half-Year Profit Nears N5bn
TotalEnergies Marketing Nigeria Plc returned to profitability in the first half of the year, recording a profit after tax of
TotalEnergies Marketing Nigeria Plc returned to profitability in the first half of the year, recording a profit after tax of N4.95 billion as higher revenue supported its performance.
The fuel retailer’s latest unaudited financial statements, released on Thursday, showed a sharp turnaround from the N2.86 billion loss reported in the corresponding period a year earlier.
Revenue increased by 5 percent to N443.99 billion during the period, signalling continued growth in sales despite pressures in Nigeria’s downstream petroleum market.
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