TotalEnergies Marketing Nigeria Plc

FORECAST OF STATEMENT OF PROFIT OR LOSS

AND OTHER COMPREHENSIVE INCOME

FOR THE QUARTER ENDING JUNE 2024

Apr to Jun

N'000

Revenue

197,469,600

Cost of sales

(170,616,171)

Gross profit

26,853,429

Other Income

993,292

Selling and distribution costs

(3,226,022)

Administrative expenses

(14,150,553)

Operating Profit

10,470,145

Finance income

26,112

Finance costs

(4,077,188)

Net Finance (Cost)/Income

(4,051,076)

Profit before taxation

6,419,070

Income tax expense

(2,182,484)

Profit for the period

4,236,586

Seye Samba - Executive Director

FRC/2021/003/00000024858

TotalEnergies Marketing Nigeria Plc

FORECAST OF STATEMENT OF CASHFLOWS

FOR THE QUARTER ENDING JUNE 2024

Apr to Jun

N'000

Cash flows from operating activities

Cash receipts from customers

177,722,640

Cash paid to suppliers and employees

(153,554,554)

Cash generated from operations

24,168,086

Income taxes paid

(1,400,000)

Net cash provided by operating activities

22,768,086

Cash flows from investing activities

Purchase of fixed assets

(2,315,013)

Interest on loans and receivables

26,112

Proceeds from sale of Property, Plant and Equipments

109,078

Net cash provided by investing activities

(2,179,823)

Cash flows from financing activities

Interest paid on overdrafts

(4,077,188)

Borrowings Repaid

(41,250,000)

Dividends paid

-

Net cash provided by financing activities

(45,327,188)

Net (decrease)/increase in cash and cash equivalents

(24,738,924)

Cash and cash equivalents at 31st March

(39,808,182)

Cash and cash equivalents at 30th June

(64,547,106)

Operating cash flow before working capital change

9,007,092

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Total Nigeria plc published this content on 08 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2024 12:05:02 UTC.