Net profit of TOTAL rises by 19.93%
Enoch Darfah Frimpong
Business News
The net profit of oil marketing company, TOTAL Petroleum, rose by 13.93 per cent from the first half of 2012 to GH¢20.17 million in the first half of this year.
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The rise was as a result of an 11.22 per cent growth in the company’s gross revenues over the six-month period.
TOTAL’s half year financials, released late last month, showed that its gross revenue from GH¢599.78 million recorded in the first half of 2012 to GH¢667.06 million in the period under review.
Cost of sales also rose sharply from GH¢561.79 million in the first six months of 2012 to GH¢616.25 million in the first half of this year.
The company’s basic earning per share also improved to GH¢1.44 from the previous half’s figure of GH¢1.27.
By Graphic Business