TotalEnergies forecasts N3.5bn PAT for Q2

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FILE PHOTO: The logo of French oil and gas company TotalEnergies is pictured at a petrol station in Treillieres, near Nantes, France, June 8, 2021. REUTERS/Stephane Mahe

Total Energies Marketing Plc has projected a revenue of N3,578bn for the second quarter of 2023.

In a statement released on Monday by L. Baxter-Green, the company’s executive director, the firm projected N84.855bn in revenue between April and June 2023 and a cost of sales of N70.689bn.

The director added that the company expects a gross profit of N14.165bn during this period.

Total Energies predicted cash and cash equivalents of N17.726bn as of June 30, 2023, expected N29.305bn at the end of the first quarter.

The company also predicted N 82.309bn as cash receipts from customers in the quarter.