Total Nigeria Suffers 30% Revenue Drop, Profit Dips To N2.244b In 2020

Total Nigeria Plc (TNPLC) has recorded 30% shrink in revenue for the financial year 2020.

The leading petroleum marketing company, which stated this in its unaudited financial statement for the year ended 31 December, 2020, added that its profit dips 2 per cent to N2.244b in 2020.

The unaudited financial statement came with 30% drop in revenue to N204.159 billion from N292.177 billion in 2019.

However, profit for the year dropped slightly by 2% to N2.244 billion from  N2.279 billion in 2019.

Meanwhile, the oil marketing group will not pay dividend this year compared with N2.278 billion paid in 2019.