TotalEnergies Targets N2.4bn Profit in Q1
TotalEnergies Marketing Nigeria Plc has forecasted N2.4 billion as its first quarter of financial year 2025 profit. In a regulatory filing, TotalEnergies Plc estimated its revenue will print at N213.910 billion in the first three months of operations in 2025.
Its costs of sales is forecasted to reach N178.44 billion in the first quarter of the year, leaving the company with N35.47 billion as gross profit for the period. TotalEnergies expects total operating expenses to settle at N24.149 billion in the same period. Operating income is estimated to reach N11.320 billion.
Further details in the earnings forecast revealed that the company’s net finance costs would be around N7.7 billion. Hence, pretax profit is projected to settle at N3.647 billion in the first quarter of the year.
In the equities market, the share price of TotalEnergies was trading at N647.5, up by 2.78% during the intraday trading session on Monday. # TotalEnergies Targets N2.4bn Profit in Q1 CBN Opens FX Window for BDC to Stock up at NFEM Rate
