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TotalEnergies forecasts N3.5bn PAT for Q2


TOTAL TotalEnergiesTotal Energies Marketing Plc has projected a revenue of N3,578bn for the second quarter of 2023.

This was revealed in a notice issued on the website of the Nigerian Exchange Limited on Monday by its Executive Director, Mrs L. Baxter-Green,

The oil marketing firm projected N84.855bn in revenue between April and June 2023 and a cost of sales of N70.689bn.

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It expects a gross profit of N14.165bn during this period.

TotalEnergies predicted Cash and cash equivalents of N17.726bn as of June 30, 2023, expected N29.305bn at the end of the first quarter.

The company also predicted N 82.309bn as cash receipts from customers in the quarter.

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