Reports have shown that Total Energies Plc has been constantly paying dividends since 2006, with a payout of 79% for the past seventeen years, and this has shown improved earnings and cash flow generation.
The data from BusinessDay has revealed that the downstream company's total dividend rose to N7.13 billion in the first nine months of 2023 from the corresponding year, which settled at N1.36 billion in 2022.
The company interim dividend remained at N0.00 for qualifying ordinary shares, while the final dividend settled at N21.00 per qualifying ordinary share during the period that ended in September 2023.
The firm's interest on deposits for unclaimed dividends climbed to N62.84 million in the first nine months of 2023 from the corresponding year, which settled at N53.23 million in 2022.
The reports also showed that the Total Energies shareholders fund climbed by 12% to settle at N53.98 billion in the first nine months of 2023 from the corresponding year, which settled at N48.04 billion in 2022. Additionally, share capital remained at N169.76 million year over year.
The firm’s revenue climbed by 25% to settle at N422.58 billion in the first nine months of 2023 from the corresponding year, which settled at N337.19 billion in 2022.
The firm’s disaggregation of revenue shows that the network contributed N228.19 billion, while general trade contributed N147.9 billion, and aviation stood at N46.48 billion.
The firm’s cost of sales rose to N366.46 billion in the first nine months of 2023 from the corresponding year, which settled at N292.53 billion in 2022.
It was also reported that Total Energies incurred N4.78 billion on transport of supplies in the first nine months of 2023 compared to the corresponding year, which settled at N6.84 billion in 2022.
The firm’s other income rose to N3.2 billion in the first nine months of 2023 compared to the corresponding year, which settled at N2.65 billion in 2022.
Profit after tax for Total Energies declined to N10.82 billion in the first nine months of 2023 compared to the corresponding year, which settled at N12.51 billion in 2022.
The firm’s selling and distribution costs rose to N3.97 billion in the first nine months of 2023 compared to the corresponding year, which settled at N3.05 billion in 2022.
Total Energies administrative expenses rose to N29.16 billion in the first nine months of 2023 compared to the corresponding year, which settled at N23.71 billion in 2022.
Impairment write-back/loss of Total Energies on financial assets declined to N75.22 million in the first nine months of 2022 compared to the corresponding year, which settled at N124.6 million in 2022.
Read more: https://www.investingport.com/total...imb-to-424-as-firm-boosts-shareholder-return/