Total Nigeria records loss for the first nine months of 2019

Total Nigeria Plc has released its unaudited financial statements for the three quarters ended September 31st, 2019. The report shows unimpressive performance, even as the company ran at a loss. Below is a brief summary of the financial report.

Between January and September 2019, Total Nigeria Plc earned N221.8 billion, which is about 2% less than N226.9 billion it reported for the first nine months of 2018.

This stood at N116.9 million compared to N11.4 billion that was recorded as at September 2018.

The company also recorded a loss of N204.8 million over the nine-month period ended September 31st, 2019. This is abysmal when compared to a profit after tax of N7.6 billion in September 2018.

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