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Total Q1, 2012 Earnings Hit N 50 billion, Up 25% YoY
By Afolabi Ogunde on May 8, 2012
Total Nigeria Plc, a downstream Oil & Gas company operating in Nigeria has released its Q1, 2012 earnings.
The company reported a growth of 25% in Sales at N51 billion, up from N 40.8 billion over the similar period in 2011.
Profit before tax also increased YoY, up 16% to N 1.87 billion, from N 1.6 billion.
Net Income also was up 17% to N 1.2 billion from N 1 billion at the end of Q1, 2011.
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