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    TotalEnergies Targets N2.4bn Profit in Q1

    Ogochukwu NdubuisiBy Updated:No Comments1 Min Read
    TotalEnergies Targets N2.4bn Profit in Q1

    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

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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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