A worker inspect facilities on an upstream oil drilling platform at the Total oil platform at Amenem, 35 kilometers away from Port Harcourt in the Niger Delta. Amenem is the hub of Total oil production with two oil well producing over 100,000 barrels of crude daily. AFP PHOTO / PIUS UTOMI EKPEI (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)

Adebayo Obajemu

Total Nigeria Plc in its recently published audited financial report for the year ended 31, December, 2019 reported a turnover of N292.18 billion. This implies a decline of 5.13% when compared to the turnover of N307.99 billion in 2018.

Profit before tax declined by 74.62% to N3.07 billion from N12.1 billion reported in 2018 year ended.

The oil firm reported a profit before tax of N2.28 billion, down by 71.37% when compared to the the profit after tax of N7.96 billion reported in 2018.

Earnings per share of Total Nigeria Plc fell to N6.71 from N23.45 reported in 2018, implying 71.37% decline.

With reference to the share price of N102.8, the P.E ratio of Total Nigeria Plc is calculated as 15.32x with earnings yield of 6.53%.

The oil firm declared a final dividend of N6.71 to shareholders subject to appropriate withholding tax

Qualification date is June 4, 2020Closure date: June 5 to June 11, 2020.Payment date: Within 24 hours after Annual General Meeting (AGM). Date yet to be disclosed