01/04/2014

Total Nigeria 14 pct increase in 2013 full year pre-tax profit

Gasoline marketer Total Nigeria , a unit of France's Total, posted a 14 percent increase in 2013 full year pre-tax profit to 8.12 billion naira ($49.23 million), compared with 7.09 billion naira in the previous year.

Total revenue also rose to 238.16 billion naira, from 217.84 billion naira. The fuel marketer proposed a dividend of 9 naira per share to shareholders payable on June 16, in a filing with the Nigerian Stock Exchange. ($1 = 164.93 naira) (Reporting by Oludare Mayowa; Editing by Tim Cocks)  (reuters)

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